[WSBARP] Purchase from Freddie Mac?

[Rich Holland]

We close FNMA files all over WA (which isn’t Freddie, but probably the
same mind set).  Contract depends on who their servicer is.  There is no
harm in using NWMLS form, most have a standard extremely lengthy addendum
that will come as a ‘counter-offer’ and is basically their contract.

 

Thanks,

 

Rich Holland

 

From: wsbarp-owner at lists.wsbarppt.com
[mailto:wsbarp-owner at lists.wsbarppt.com] On Behalf Of Eric Nelsen
Sent: Thursday, March 13, 2014 10:44 AM
To: WSBA Real Property listserve (wsbarp at lists.wsbarppt.com)
Subject: [WSBARP] Purchase from Freddie Mac?

 

Client (nonprofit organization) is intending to buy a residential property
owned by Freddie Mac, which of course received the property from a
foreclosure. We're in the FirstLook period (reserved for homeowners
looking for a new residence) so it'll be a few weeks before client can
make an offer. Does anyone have any insight into dealing with Freddie in a
PSA? Will they accept standard NWMLS forms, or do they have some special
PSA form of their own?

 

Also, I have heard that they will not accept offers made at below the list
price. Is that true? The list price is something like $60,000 over the
appraised value.

 

Sincerely,

 

Eric C. Nelsen

SAYRE LAW OFFICES, PLLC

1320 University St

Seattle WA  98101-2837

phone 206-625-0092

fax 206-625-9040

 

===============================
- To contact the list administrator, send a message to:
<mailto:webmaster at wsbarppt.com> webmaster at wsbarppt.com 

 

- To unsubscribe, send a new message to: imail at lists.wsbarppt.com, with
the following in the body of the message: unsubscribe wsbarp - OR - send a
message to webmaster at wsbarppt.com asking that you be removed from the
wsbarp list. 

Information provided on this list should not be considered legal advice.
As with all lists - let the reader beware! No warranties or
representations are made as to the accuracy of any information provided.
All opinions and comments in this message represent the views of the
author and do not necessarily have the endorsement of the Washington State
Bar Association nor its officers or agents. 

===============================
- To contact the list administrator, send a message to:
webmaster at wsbarppt.com 


- To unsubscribe, send a new message to: imail at lists.wsbarppt.com, with
the following in the body of the message: unsubscribe wsbarp - OR - send a
message to webmaster at wsbarppt.com asking that you be removed from the
wsbarp list. 

Information provided on this list should not be considered legal advice.
As with all lists - let the reader beware! No warranties or
representations are made as to the accuracy of any information provided.
All opinions and comments in this message represent the views of the
author and do not necessarily have the endorsement of the Washington State
Bar Association nor its officers or agents. 

-------------- next part --------------
A non-text attachment was scrubbed...
Name: winmail.dat
Type: application/ms-tnef
Size: 7026 bytes
Desc: not available
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20140313/c3bbf245/winmail.dat>