Why Buy a Homepath Home ?
Why buy a Homepath Home? The seller of the property is Fannie Mae when they offer Homepath financing on a home. Fannie Mae homes are bank-owned or foreclosures.
Why Buy a Homepath Home ?
Why buy a Homepath Home? The seller of the property is Fannie Mae when they offer Homepath financing on a home. Fannie Mae homes are bank-owned or foreclosures.
I do like the effort they make to accomodate owner occupants PRIOR to entertaining investors.
Hi Sara,
Very good blog on the advantages of buying a FNMA foreclosure with Home Path financing.
All the best to you
Phil
I have an offer in on a Homepath property and finding it testing the patience of both buyer and me the Realtor. We put in the offer on line. It went several days then went to multiple offers. The agent had us send direct to him the counter then a day later asked to put it on line in the revise area, which we were asked to up load contract again with counter, homepath addendum and occupancy addendum, again. They said they would let us know yesterday. Its monday and still nothing. I emailed the listing agent and got no response and the site says submitted, nothing more. The origional offer was input on the 8th. I like the old days when you submitted your offer, were notified of multiple offers then got an acceptance or rejection quickly.
anyone else having this problem?
Oct. 16, 2013
What is it with these Homepath Homes. I live in Cleveland, Ohio. I recently lost my house due to a fire. Being 65 yrs. old, my daughter offered to buy me a house, paying cash. We found numerous houses, most of which indicated they were foreclosed homes on the Homepath list. We made offers on at least five houses since July and not one has been accepted. I am at my wits end. We have the money, there is no financing involved, we are going to actually live in the house, we are not investors. Yet they keep dangling a carrot in front of us. We have seen one house go under contract four times since July, active to under contract then back to active. We had given up on it even though they called back once asking if we were still interested. We submitted another offer and it was rejected. I think Fannie Mae should look into how difficult these realtors or who even controls these acceptance or rejections. I will be practically homeless by Oct. 31 as I must vacate my temp residency by then. I guess Cash does not count for much nowadays.
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