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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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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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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