Best Efforts Contract
Last updated 2026-08-01
FreddieMac
Updated 2026-08-01
A Best Efforts Contract is an agreement between the Seller and Freddie Mac for the purchase of a specified Mortgage with respect to which the Seller's obligation to deliver the Mortgage becomes mandatory only when and if the Mortgage is closed and funded.
FreddieMac Glossary
FreddieMac · pp. 4–6
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