Bravo to the Freddie Mac First Look Program!

Freddie Mac
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Starting September 2010, this program gave owner-occupied buyers 15 days to buy homes before investors can get into the offer process.  Last year I was seeing investors with all cash swooping in on prime real estate and winning the contract while interested first time buyers were unable to get a toe-hold in the home buying process.

I think this program will let the number of owner occupied buyers rise up again.

I commend Freddie Mac for taking this sane initiative.  We need more sanity in the real estate arena.  Click here to get the press release – http://www.freddiemac.com/news/archives/servicing/2010/20100915_firstlook.html 

Care to comment?

Pat Chadwell, Broker
Realty World – Residential Specialists
www.patchadwell.com

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