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.
A mortgage broker may be a company or even individual who have been professionally trained to work on behalf of potential borrowers to provide objective advice and help in obtaining the best possible terms in mortgages from a known and reliable range of sources. While the layman may have the best of intentions and even knowledge of the world of finance, there is little doubt that hiring a mortgage broker should bring with it tremendous advantages due to the tremendous experience that they bring to the table as well as insights into the ins and outs of the mortgage business. Many people find it reassuring to know that by working through a Mortgage Broker they are presenting a form of buffer between them and the mortgage bank, which many, and first-time borrowers especially, found quite intimidating.
SunTrust Mortgage is the lending operation of SunTrust Bank. SunTrust has operations in many states across the country with a concentration in the south of the country. SunTrust Bank lists their foreclosure properties with local real estate agents. According to SunTrust, foreclosures are priced at fair market value. SunTrust has foreclosure properties available that they own as well as mortgages that they service for other investors.