There is a system to purchasing foreclosure real estate that can be broken down
into six basic steps. Following these steps will simplify a foreclosure real estate
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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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REO is an acronym for "Real Estate Owned," which indicates that the home has been foreclosed
upon and is currently on the market or soon will be. The foreclosure homes found
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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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