HomePath by Fannie Mae

Whether you’re buying your first home or your fifth, the experience can be exciting, confusing, overwhelming and wonderful – all at once! Buying a Fannie Mae-owned home isn’t much different. You want to make sure it’s the right home for you, that it’s affordable, that you work with a real estate professional you trust, and that you get the financing you need. However, there are other things about purchasing a Fannie Mae home you should be aware of.  This Buyers Guide – while it doesn’t cover everything – should better prepare you to consider and assist you with the purchase of a Fannie Mae home. More information is also available online at www.homepath.com.

Why does Fannie Mae have properties for sale?
While we work with our partners to help homeowners avoid foreclosures, sometimes foreclosures are unavoidable. When they do occur on mortgages in which Fannie Mae is the investor, our goal is to sell those properties in a timely manner in order to minimize the impact on the neighborhood.

How does Fannie Mae sell its homes?
We use local real estate professionals to prepare, maintain, and list our properties for sale. All our properties are listed on our website – www.homepath.com – and most have photographs, property descriptions and other details, like school and neighborhood information.

Do I have to use a special real estate agent?
No. You may work with any real estate sales professional to submit an offer on our properties. However, Fannie Mae only accepts offers through our real estate listing agents. Also, it’s a good idea to pick an agent who has some experience with foreclosure sales.

For much more information, please visit the source of this article: www.homepath.com