Freddie Mac?
I am the higgest bidder on a house , the trustte call me yesterday and tells me that I have ten days to come up wih the balance, (175,000) I told him that I buy properties at bank sale auction all the time but I get 30 day to close, he said it a freddie Mac property and they give 10 days to come up with financing?? any suggestions or ideas.
Get a partner or a hard money lender to help you out with this one..
[addsig]
What type of auction was this? If it was a foreclosure auction then there should be state laws that dictate the amount of time you have to complete the sale. Regardless of whom the lender is.
Tom
it was a bank foreclosure.