I am looking at possibly buying a Freddie Mac owned house. Has anyone here bought a lender owned house and what advice can you offer? I know someone here has spent years trying to buying short sale houses, but I am not looking at short sales mostly because of the amount of time it takes to get a reply from the bank.
Freddie Mac claims they usually respond to an offer in 48 hours, but I'll believe that when I see it. I would think response should be a little faster these days because the number of lender owned houses is way down.