Fannie Mae foreclosures are known as Homepath properties. Homepath foreclosures allows buyers to buy foreclosed homes with special financing and other benefits. Homepath listings are represented by local real estate agents and listed on the local real estate MLS system. Homepath homes are popular and a buyer should be prepared for multiple offers in a good market. Learn about the details of Homepath properties.
One of the largest sources of foreclosure properties is the Department of Housing and Urban Development (HUD). HUD lists their available properties through local listing brokers. HUD is a good source of REO foreclosures for investors and homeowners. Understanding the HUD process is critical and much can be learned from the resources provided directly by HUD.