The mortgage foreclosure process creates three sets of real estate investment
opportunities: the "Default/Pre-Foreclosure" phase, the "Auction/Sale" phase and the
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Fannie Mae foreclosure homes are owned by the Federal National Mortgage
Association. These foreclosure homes are homes that were previously purchased using
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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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