If Freddie Mac (or any bank for that matter) does indeed own it, they will eventually put it back on the MLS to be sold... or possibly they are going to try and sell it via auction.

Through this site - I'm hoping to build my network of contacts, find additional team members, find investment opportunities, learn tips / tricks, pick brains, continue my education, and at some point share and lessons learned I might have to offer.My initial focus will be residential (single or multi-family) - rehab projects or motivated sellers in my more immediate area - eventually expanding to areas I'm familiar with in Baltimore City, SE Pennsylvania and Newark DE.ThanksVaughn

So, you fell for the old "we can make you a movie star" line, from a boys gone wild RV tour, modeling without a contract.

I am looking to start by flipping houses, but my eventual goal is to buy and hold at least 10 properties.

I am in my mid 50's and my goal now is to get into this to eventually have a few properties to create passive income to supplement my retirement in a few years.Would like to start out with a duplex and learn what I need to know then maybe some larger properties.I'm always willing to learn and take advice from those who have been doing this longer than me.

Though I still have a day job, my goal is to eventually transfer into a full time investor.

My goal in REI is to flip houses for profit to eventually replace my current income.

You'd put down a non-refundable deposit (part of the eventual down payment) and then rent the house/unit until either the strike date on the contract or the person purchases the property prior to the strike date.Once the date comes, you would enter a PA (fully execute the lease agreement) and sell the house.

@Kevin PfeifferHi Kevin,The more mud your throw on the wall eventually some will stick.

It may ultimately be yours eventually, but until it clears probate and the estate is closed, it's a separate legal entity that you have guardianship over, not a private bank account for you,.