Fannie Mae expands online offers for HomePath properties

Fannie Mae expands online offers for HomePath properties

WASHINGTON – Feb. 8, 2012 –Fannie Mae announced the expansion of its “Online Offers” system to collect and manage real estate purchase offers for Fannie Mae-owned properties across the country. Real estate professionals will now submit clients’ offers, receive receipt confirmation and track the status of submitted offers through the HomePath.com website. In November 2010, Fannie Mae launched Online Offers through a pilot program operating only in Orlando, San Diego and Detroit.

“Collecting offers online through HomePath.com will provide greater transparency for homebuyers and their agents,” said Jay Ryan, VP for REO at Fannie Mae. “Our online platform will make it easier to sell properties to owner occupants.”

George Philbeck, a Realtor with Keller Williams Advantage II Realty in Orlando, has used Online Offers since the pilot launched. “With Online Offers, my clients’ offers are guaranteed to make it to the right person at Fannie Mae for review,” says Philbeck. “It has worked very well for me and for my clients.”

HomePath homes are owned by Fannie Mae and include single-family homes, condominiums and town houses. For more information on purchasing a Fannie Mae-owned property through the HomePath Online Offers system, visit http://www.homepath.com/.

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