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Freddie Mac Expands First Look Initiative for REO Homes

Freddie Mac starts new First Look Program which allows homebuyers 15 days to purchase a HomeSteps REO home before investors can write an offer.

In addition to owner-occupant buyers searching for their primary residence, Freddie Mac’s First Look 15-day window is open to buyers who are part of HUD’s Neighborhood Stabilization Program (NSP), as well as groups affiliated with the National Community Stabilization Trust (NCST).

For the full article from DSNews click here - First Look

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Tags: NCST, NSP, REO, bank owned, home buyers, investors, real estate market, reo properties


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Comment by Cindy Billman, CDPE, SFR, HAFA on September 17, 2010 at 8:45pm
Isn't this a form of "discrimination"?

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