Competition for REOs Heating up; Due Diligence Key to a Winning Bid

“In an article in Freddie Mac’s Executive Perspectives blog Bowden writes that this is good news for taxpayers who are currently benefiting from Freddie Mac’s profits, however, some potential buyers may be worried about being priced out of the REO market.  The brokers who handle HomeStep properties are getting more questions from those buyers about how multiple offers are handled and how buyers can best position themselves to submit a winning one.”
http://www.mortgagenewsdaily.com/09082014_reo_freddie_mac.asp

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