If you lost your home to foreclosure and want to understand your options, the first step is to determine who acquired the home at the foreclosure sale.
If Freddie Mac acquired the home as a result of the foreclosure, you will receive a letter entitled “You Have Options” that describes some options that may be available to you.
However, if a third-party purchased the home at the foreclosure sale, they will be the new owner. The third-party may be an investor or they may want the property as their primary residence.
If you are in the process of foreclosure, find out who to contact for help. The sooner you reach out the better!