[WSBARP] Purchase from Freddie Mac?

[Eric Nelsen]

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

 

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