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2012-07-01 — mfi-miami.com
``As I've written about before, Fannie Mae and Freddie Mac don't buy anything at a foreclosure because they already have an ownership interest. Â The bogus foreclosure sale is just a formality to re-join the mortgage and the note so that Fannie Mae and Freddie Mac can do a post-foreclosure sale of the property with a free and clear title.''
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