Fannie Mae Now Accepting Online Offers for REO's

Reno/Sparks and Fernley Homes and Real Estate News.

Fannie Mae announced Tuesday that is has expanded its online system to accept purchase offers for all its REO's listed for sale.

Real estate agents will now submit offers online on behalf of buyer clients, receive receipt confirmation, and track the status of submitted offers through the HomePath.com website. HomePath is the GSE's REO disposition operation.

In Novelmber 2010, Fannie Mae launched the HomePath Online Offers pilot in Orlando, Florida; San Diego, California; and Detroit, Michigan. Active Data Technologies, Inc., the developer of the offer platform, commented just five months after the launch that the technology was seeing positive results in these three test markets.

Now the online Offers feature is available for all FannieMae-owned properties across the nation through HomePath.com.

The online platform will make it easier to sell properties to owner occupants, which is a major factor in helping to stabilize communities across the nation.

Real estate professionals representing buyers are able to connect directly with Fannie Mae's listing agents through the HomePath website. The buyer's agent can also find information on the site regarding financing and incentive options offered through HomePath.

If you are interested in finding out more about HomePath homes in Reno/Sparks and Fernley call Sandra. Sandra is a real estate professional registered to assist buyers with HomePath homes.