As the lienholder, Fannie Mae now owns the home. One is if the house has gone through foreclosure and Fannie Mae owned the mortgage on it. There are two situations in which Fannie Mae ends up owning a house. Source: (Dom J / Pexels) What is a Fannie Mae HomePath property?Ī Fannie Mae HomePath property is a house that’s being sold directly by Fannie Mae to an investor or a traditional buyer. These houses might look like a great deal, and some of them are… but what exactly is a Fannie Mae HomePath property? Let’s answer some basic questions so you can decide whether it’s a fit for you. If you’re looking at alternative sellers, you’ll soon stumble across homes dubbed “Fannie Mae HomePath.” That’s not necessarily a bad thing in fact, it can work in your favor because there’s generally less haggling and negotiation. If you’re looking for a cheaper house or a fixer-upper, you could end up dealing with a bank or government agency instead. You might have heard some funny stories about home sellers from your friends and family, but not all home sales happen on the open market between individuals. “The buyer insisted that we leave the ironing board behind.” “After closing, when we went back to our new home, the sellers had left Grandma behind!”
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