Fannie Mae
Community Question: Non-Profit Purchases
Question John asks this question. There is a foreclosed property that appears to have been foreclosed on November 16th. What will happen with such a property? We are a non-profit organization working to save this neighborhood and would like to have an opportunity to buy it. How should we proceed? This is a general question, […]
Buying a Fannie Mae Homepath Property
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.
Community Question: Renting Foreclosures
Readers of The Bank Foreclosure Guide website are welcome to submit questions to be answered on the site. Victoria asks: “is it possible to rent a bank owned foreclosure property?” Renting foreclosures is not typical. Generally, when a bank takes ownership of a home through foreclosure they are going to sell it to clear it […]
Repaired Foreclosures
Some banks repair their foreclosure assets prior to selling them. Not all foreclosures are in poor condition. Learn more about repaired foreclosures for sale and which banks are most likely to do the work prior to sale.