Freddie Mac Seller/Servicer Guide 9301.8: Foreclosure sale and bidding requirements
This section contains requirements related to:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 9301.8 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Delegated bidding
- (b) When to obtain a credit bid for foreclosure sale bidding
- (c) Requirements for and reimbursement of appraisal reports
- (d) Bidding instructions for First Lien Mortgages not covered by mortgage insurance or subject to credit enhancements
- (e) Bidding instructions for Mortgages covered by mortgage insurance or subject to credit enhancements
- (f) Bidding instructions for Mortgages insured by the FHA or guaranteed by the VA or RHS
- (g) Bidding appropriately and pursuit of surplus proceeds or overbid funds
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.