Profile picture for miairo

freddie mac

i want to buy a foreclosed house that freddie mac owns the mortgage. they are asking too much (230,000). how firm are they on their prices. thx.
  • February 11 2009 - Saint Louis
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Answers (1)

Profile picture for matt bock
Depends on how others view the value and what market you are in. If you are working with a realtor hopefully they have set you up with a website to monitor homes. I am buying a house that I got for $98,000 that the asking price started at $120,000. The big thing is to try and wait for the bank to drop the price themselves, this is usually the sign they are ready to move on a house. They seem to overprice initially in the hope someone is going to bite.
  • February 11 2009
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