Imagine a busy lending office where a loan officer has just ordered a credit
report. He hears the whir of the laser printer and he knows the pages of the credit
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Before you begin the process of buying a HUD foreclosure home, you need to know
what obstacles you must overcome to make your purchase and how to manage the "risks"
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Freddie Mac is chartered by Congress and does not actually lend money. Instead,
Freddie Mac buys mortgages from various mortgage lenders, sets lending criteria and
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Four percent of all homes mortgaged are foreclosed upon. This percentage is
stacked more heavily toward the segment of the real estate market referred to as
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