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Updated almost 14 years ago on . Most recent reply

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Jeff G.
  • Real Estate Investor
  • Grand Junction, CO
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Can I make an offer? And assign?

Jeff G.
  • Real Estate Investor
  • Grand Junction, CO
Posted

I recently came across a house that was foreclosed on. Freddie Mac owns it. Can I send Freddie Mac an offer and assign it?

Most Popular Reply

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Will Barnard
  • Developer
  • Santa Clarita, CA
10,951
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Jeff, I am sure u have misunderstood Jason's comment. He was calling his own question back to u obnoxious, not yours! There is no such thing as a dumb question here.

Freddie Mac deals are not easy. You will need to submit the offer with a buyers agent to the list agent, or have the list broker provide you a buyer agent from that office. Secondly, u can not "assign the contract", therefore you must circumvent that by doing one of several options. Jason pointed out one by using the entity and selling it for your fee. Others are to close with cash, or borrowed funds,nthen in a second escrow, close with your buyer. You can also use a trust which is my favorite option to complete such a transaction.

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