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[...] Buyers making offers on Fannie Mae foreclosures must now do so through an online-only program, the National Association of REALTORS® reports. [...]
I’d like to be an approved realtor to work with Fannie Mae Home Path.
[...] Fannie Mae Rolls Out Online-only REO Offers. Posted in Buying a Home in Lake Havasu City, Foreclosure, Homes in Arizona, Lake Havasu City Condos for Sale, Lake Havasu City News, Lake Havasu City Real Estate for Sale, Lake Havasu City Short Sales, Real Estate [...]
This should be a nice improvement in shortening the time to have a home buyer’s offer reviewed for a foreclosed property.
[...] Fannie Starts Accepting Online Offers for Properties [...]
Hopefully this will speed up the whole process a bit. I really hope they have adequate staff to handle these offers.
[...] Fannie Mae Rolls Out Online-only REO Offers. Share this:TwitterFacebookLike this:LikeBe the first to like this post. This entry was posted in Uncategorized. [...]
This has helped make the process a lot easier for sure!
I used the new online feature last week and it was FANTASTIC! It was very easy to do and only took me about 20 minutes to submit the entire offer. Now to see how long it takes to get a response back…..I will keep you posted!
I understand you have to deliver original signatures within 48 hours of mutual acceptance, but can you use electronic signatures on original offers?
Hi Vickie. fannie mae at this time does not accept electronic buyer signatures.
This is a great change, at least we have a chance now that our offer is going to actually be viewed and if is the highest offer we have a chance to get the property.
Somebody is starting to use their brains.
In response to the question above, all FNMA docs must use wet signatures only. They will not accept any forms of docisign or digital signature. A great product for you of interested in getting and sending signatures on the fly is called “touch-fill-go” and you can sign literally right on your iPhone or iPad screen! Perfect for things like this!
This is a good program for home owners as well as for the Realtors who need listings and works. I have come across a transaction that has felt through due to the Fannie Mae didn’t approve the offer that was $20000 higher than the market value of a similar home at the subdivision. What can be the reason, there’ s not other buyer since it’ s still available in the market? If I interest of listing of these homes and sign up for it how soon do I get contacted by Fannie Mae Home Path, or my broker is the direct contact?
This sounds good! we will have to see when offers start going in, how things go. cross your fingers! I am looking for referrals if you would like to send me anyone,
The site is easy to use . There is also a step by step video if needed.
So far no issues !
I submitted an offer and received a response in two days! I can’t even get a call back from the agent in a week. I think this is a big improvement!
just submitted an offer online – hoping this doesn’t take long.
[...] this backdrop, Fannie Mae about a month ago announced that agents working with households buying a Fannie Mae REO must submit the offer online through [...]
I liked the idea of being able to submit offers online on the Fannie Mae properties.
I represented a buyer and we made an offer on one of their homes. Once the offer
was completed online it had to be printed out along with the owner occupant
certification and the local forms etc. In all it came to 25 pages of documents that
needed to be signed and/or initialed, scanned and submitted. 5 or so days later
I was notified that there were multiple offers and I had to present “highest and best”.
I was informed that the entire offer with all addendums needed to be sent again.
Another 25 pages of documents printed, signed, initialed, scanned and sent and
after another week we were informed that we didn’t get the house. There were at least 2 offers so Homepath had a minimum of 100 pages of documents for one property. Seems this process could be streamlined a bit. Perhaps not having to have all 50 or so pages before the offer is accepted??
Nora, what was the repsonse that you got when your offer wasn’t accepted? Did it just say “Your offer on the following listing in HomePath has been rejected:”
It’s taking over 3 weeks for fnma to sign off on an amendment. What a joke!!
Can a realtor submit an offer for themselves, or do I have to use another realtor to purchase a Fannie Mae home?
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