Fannie Mae Launches REO Pilot Program
The program is called HomePath Online Offers and is being piloted in Orlando, Florida; San Diego, California; and Detroit, Michigan
The new feature is currently available for Fannie Mae-owned homes in these areas through the GSE’s HomePath Web site. HomePath homes are owned by Fannie Mae and include a wide selection of properties, including single-family homes, condominiums, and town houses.
“HomePath Online Offers provides increased transparency and efficiency in the submission process for our real estate partners and prospective buyers,” said Jim Tiegen, VP of Fannie Mae’s REO regional offices. “This online pilot is a critical step toward ensuring that all buyers have the same experience making offers and purchasing homes.”
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