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Updated over 12 years ago,
Pre-Auction research: How do I find out if: deficiency, minimum bid, and is Freddiemac involved?
Hello,
I went to last months foreclosure auction. Some people knew if a property was going to go back to Freddiemac, (they always take their loans back), what the minimum bid was going to be, and possibly if the bank was going to declare a deficiency (not allowing anyone to bid; the property will be sold next month at the stipulated minimum bid).
Okay, how do I find out the same?
It's important to know what I will be able to buy and which properties I definitely can not. Any help will be greatly appreciated.
Thanks!