Freddie Mac deed restrictions

[Vince Mayer]

Holy Smokes!!!! I was about to give a cashiers check of $1,000 as a deposit with an offer to buy a Freddie Mac foreclosure at 49% of ARV. This house is in a great neighborhood with good comps from an agent. I thought it strange that no one wanted this property but there is a mold problem and I assumed that was the reason.

I googled deed restrictions for Freddie Mac and found a couple of articles about a 20% restriction on encumbrances meaning I couldn't rehab this property with a loan for more than 20% of purchase! Can anyone verify that this restriction is back on Freddie Mac properties?