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However the Buyer must order the appraisal from an appraiser they select and the appraisal must be paid for by the Buyer outside of the loan transaction. Lenders and/or brokers may not request a copy of any appraisal obtained by the Buyer in connection with a HomePath purchase and lenders will not accept a copy of any appraisal obtained by a Buyer for a HomePath property. Any appraisal obtained by the Buyer on a HomePath property is for the use and information of the Buyer only and will not be ...

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can you negotiate Fannie Mae HomePath?

Can you negotiate Fannie Mae HomePath? Through HomePath.com, Fannie Mae sells homes they own that have gone into foreclosure. You can negotiate a Fannie Mae home by making an offer, but as with any home purchase contract, you may lose out to someone who is willing to pay more.

Does Fannie Mae HomePath pay closing costs?

HomePath \u201cReady Buyer\u201d Pays Your Closing Costs The Fannie Mae HomePath program is an excellent way for buyers and real estate investors to find homes for sale at a discount. It's also beneficial to first-time buyers looking to save money on closing costs.

How long does HomePath take to respond to offer?

Are you wondering how long it takes to get a response on a HomePath® offer? After submitting a bid correctly through the Online Offers system, real estate agents should receive a confirmation from HomePath.com, generally, within 24 hours.

What is REO foreclosure?

What Is A Real Estate Owned Property? A typical real estate owned listing has failed to sell during the foreclosure process and is now owned by a mortgage lender, bank or the mortgage investor. Buying an REO property is done through an REO agent or an auction platform.

Is Fannie Mae HomePath still available?

UPDATE: Fannie Mae has DISCONTINUED the HomePath REO loan program, effective October 7, 2014, and since replaced it with the new HomeReady Loan Program.

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