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Help!! Any connections with Freddie MAC?

Posted by Judith Sailors on April 18, 2011 at 8:32am in Short Sale Discussions
I have an investor who denied the postponement of a sale date. I have a good offer for this property. I called the bank and the gal I spoke to said unless I have a connection with Freddie Mac there is nothing she can do to postpone the sale date with is next week. Does anyone have a number I can call? The bank I am working with is Wells Fargo.

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Replies

  • Linda Susan Fox April 24, 2011 at 3:18am
    I had the same exact situation with Chase and unfortunately it did go to foreclosure.  I tried the email to FreddieMac outreach and did get an email back asking if the seller was in bankrupcy etc. and then heard nothing.  I tried all the phone numbers and called Chase every day and was told because of the time of the deficiency FreddieMac would not postpone the foreclosure.  FreddieMac told me Chase makes the decision.  Chase was unreasonable and the home went to sale on the court house steps and was sold for $257,000 and the cash offer to the bank was $275,000 from a buyer.  The lenders are in total control over the decision to postpone or foreclose.  Good Luck!
  • Mandy Berreth April 19, 2011 at 7:08am
    They did and I closed the deal! Be persistent!!
  • Judith Sailors April 18, 2011 at 5:46pm
    Thank you so much for this information. I hope that they were able to help you in your situation. I will give it a try as well.
  • Mandy Berreth April 18, 2011 at 1:01pm

    Email from Freddie Mac I received with email and phone #. Good luck!

     

    Hello Mandy Berreth,
    Thank you for your request and authorization.  It is very important to us.
    We will escalate this case to a higher department here at Freddie Mac to research.  
    If you have further questions, please e-mail Freddie_Mac_Borrower_Help@freddiemac.com with this thread.
    Please do not e-mail Borrower Outreach as we will no longer be handling this case.
    Thank you again and please stay tuned...

    ===========================
    Consumer Outreach Specialist
    Freddie Mac Foreclosure Prevention
    www.FreddieMac.com/avoiding_foreclosure
    Toll Free - 877.518.8429
    Borrower_Outreach@FreddieMac.com
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