Special offer
Denise Amara, Driven by helping others achieve success! (FlyerCo)

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Rainmaker
941,328
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Denise, in our area we have to submit the Fannie Mae offer and local purchase agreement online.  Buyer should have a preapproval letter from lender or proof of funds for cash offer and that is submitted if/when the offer is accpeted.  Their addendum is filled online and it is easy to scan purchase agreement from State form and upload as an attachment from email, my docs, or document storage.

The instructions are pretty easy to follow on Homepath.com

Apr 27, 2016 11:35 AM
Ambassador
2,684,769
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

I don't have a choice.  Submit online, do it exactly like FNMA says or it gets deleted and never even looked at.

Apr 27, 2016 11:54 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

What Fred Griffin said... It's their way or the highway...

Apr 27, 2016 09:55 PM
Rainmaker
991,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Follow the instructions as indicated - so depends

Apr 27, 2016 08:42 PM
Rainmaker
634,532
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

You can't. Follow the instructions, and your process varies depending on the transaction. But I wish we could use an automated process!

Apr 27, 2016 07:37 PM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Fred Griffin , said it all.

Apr 27, 2016 12:55 PM
Rainmaker
3,986,308
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I don't have a favorite way...I don't like any of them

Apr 27, 2016 12:51 PM
Rainmaker
1,208,049
Peter Mohylsky, Destin BeachPro
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

I don't think they have automated this procedure yet.,

Apr 27, 2016 11:51 AM
Rainmaker
1,057,254
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Isn't HomePath the drug of necessity these days?

Apr 27, 2016 11:36 AM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

What the great answers you got for your question. 

Dec 12, 2019 08:52 PM
Rainmaker
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

No idea, dear.

Dec 12, 2019 08:40 PM
Ambassador
6,422,418
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Its been a while since I bought one of these.

Jul 24, 2019 10:31 PM
Rainmaker
7,869,113
Roy Kelley
Retired - Gaithersburg, MD

You follow their requirements in the area.

Apr 28, 2016 09:36 AM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

It has been a long time since I have done thta but it sound like Fred Griffin gave you a great answer.

Apr 28, 2016 12:24 AM
Rainer
14,154
Denise Amara
FlyerCo - Coral Springs, FL
Driven by helping others achieve success!

Thank you for all your answers! I'm trying to learn the ins and outs of all aspects of real estate.

So If I'm understanding the answers correctly, basically you get the PDF forms from HomePath, or directly on FannieMae.com, fill them out, and upload them into their system?

Does that sum it up?

Apr 27, 2016 11:46 PM
Rainmaker
4,583,634
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

It's been so long since I have submitted an offer on a Fannie Mae owned property it may have been on an actual tablet(as in biblical times).

Apr 27, 2016 11:45 PM
Rainmaker
4,319,773
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Denise Amara - I like to submit the forms online only.

Apr 27, 2016 11:25 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Most often because Fannie and Freddie choose to few agents for too many listings we try to avoid them as we cant always get questions answered, cant get updates and forget about getting help

Apr 27, 2016 10:54 PM
Rainer
225,526
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

My favorite way is the right way

Apr 27, 2016 10:41 PM
Rainmaker
1,847,471
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

FNMA is a broad brush. If you are looking at a particular REO better find out how the lender wants the offer sent. Sometimes it's on your docs, sometimes online. Either way, their docs follow again after they approve initial offer. So, yes there will 2 contracts.

Killing trees one deal at a time with REO's.

Apr 27, 2016 10:15 PM
Rainmaker
823,679
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

The system that is required and I don't know any others.

Apr 27, 2016 09:52 PM
Rainmaker
4,434,177
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

The way it is required.

Apr 27, 2016 09:31 PM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Denise. I have purchased many Fannie Mae owned properties, you just have to follow the system they created.

Apr 27, 2016 07:17 PM
Rainmaker
1,625,053
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends on the instructions, if it is via their website, you just upload all signed forms in there. I'm not sure what you mean by ''automating'', since every offer has different  terms, POF, EMD amount, PA. 

 

Apr 27, 2016 05:09 PM
Ambassador
3,743,313
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Whatever the directions say to do.

Apr 27, 2016 03:20 PM
Rainmaker
1,157,791
FN LN
Toronto, ON

They don't serve our great nation so I don't submit anything to them.

Apr 27, 2016 02:08 PM
Ambassador
5,062,625
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Haven't had to deal with this for some years. But it was online most of the time

Apr 27, 2016 01:41 PM
Rainmaker
1,242,104
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

no

Apr 27, 2016 01:31 PM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Sorry, I have not been involved in this type of transaction

Apr 27, 2016 10:56 AM