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| Buyers can buy foreclosure homes online at HomePath.com. |
Fannie Mae announced that it has expanded it's pilot program for selling foreclosure homes online. Buyers interested in Fannie Mae foreclosed properties can now view and bid on them online at HomePath.com.
Realtors can now submit offers on behalf of their home buyers, and track the status of their offers on the HomePath.com website. Fannie Mae hopes that the online REO website will speed up the real estate recovery and dispose of foreclosures more efficiently.
The pilot program of the online home selling system by Fannie Mae originated in Orlando, Florida; San Diego, California; and Detroit, Michigan. To read more details, find the sourced article at DSNEWS.com. Active Data Technologies developed the online system and touted the success of the pilot program within a few months.
The online offers feature is now available for all fannie mae properties throughout the United States. Real estate agents are able to get receipt confirmation and track the status of their offers on HomePath.com.
Buying foreclosure homes is how I got started in real estate. If I can help or answer any questions for you, you can reach me on my cell at 214.690.9682.
Troy Corman is the founder of t2 Real Estate LLC, a Dallas real estate firm providing specialized knowledge with a hands-on approach. Specialties include residential real estate brokerage, land and acreage, and commercial real estate services. Contact us today at 214.827.1200 if you need to sell, buy or get your DFW property leased.
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