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

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Rainmaker
773,300
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
2,345,039
Fred Griffin presently on Leave of Absence
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
3,049,971
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

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

Apr 27, 2016 09:55 PM
Rainmaker
823,688
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
633,936
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
1,675,306
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
3,977,717
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
553,791
Peter Mohylsky, SoWal Is HOME.
PrimeSouth Properties - Santa Rosa Beach, FL
Let me help you find your path to the beach.

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

Apr 27, 2016 11:51 AM
Rainmaker
682,204
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
5,270,904
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

You follow their requirements in the area.

Apr 28, 2016 09:36 AM
Rainmaker
1,523,566
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

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
Rainmaker
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
3,246,879
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 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
Ambassador
4,298,296
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

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

Apr 27, 2016 11:25 PM
Rainmaker
2,944,663
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's 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
178,970
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
1,508,307
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

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
783,646
Susan Laxson CRS
HomeSmart Professionals - La Quinta, CA
Local Knowledge & Global Network

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

Apr 27, 2016 09:52 PM
Rainmaker
4,432,083
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
2,233,227
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
1,478,411
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • 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
3,673,547
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Whatever the directions say to do.

Apr 27, 2016 03:20 PM
Rainmaker
1,157,264
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
3,918,142
Jeff Dowler, CRS
Solutions Real Estate - 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
985,479
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

no

Apr 27, 2016 01:31 PM
Rainmaker
1,207,607
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