Thousands of People Can Buy Back Their Foreclosed Home

Thousands of People can buy their foreclosed homesThousands of people who lost their homes to foreclosure are now eligible to buy back those properties at current market value if their loans were backed by Fannie Mae or Freddie Mac.

Fannie and Freddie previously required borrowers who wanted to repurchase their homes to buy them for whatever amount they owed on the mortgage – even if that amount exceeded the fair market value of the home.

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