Buying Freddie Mac REO
Hello, I am a first time home buyer. Freddie Mac accepted an offer for a property I am interested in. I have already signed the contract and addendum and paid earnest money. I have contacted my attorney for approval and he has drafted a letter with changes to the contract and forwarded me a copy for review. We have not sent out the letter to the other party yet.
My question is what is typically involved in this attorney approval and how does Freddie Mac typically deal/respond with this? Also besides the inspection what else do I need to do? Any help will be greatly appreciated.
- Real Estate Professional
- West Palm Beach, FL
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I don't know about any "attorney review period" you may have in Illinois. But changing basic language with a Freddie REO doesn't seem likely. What exactly does he want to change? Your agent should have a better idea.