Fannie Mae Announces New Online Purchase Offers Program

November 18 2010 (Shirley Allen)
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Fannie Mae has announced a new online pilot program through its HomePath Online Offers to collect and manage real estate purchase offers for Fannie Mae-owned properties. The program is being tested in the three following areas: Orlando, Fla.; San Diego, Calif.; and in Wayne County, Detroit, Mich.

Through the pilot program, real estate agents submit offers on behalf of their clients online, receive confirmations and track the status of submitted offers. The HomePath Online Offers feature is now available on www.HomePath.com for homes in the pilot areas.

“HomePath Online Offers provides increased transparency and efficiency in the submission process for our real estate partners and prospective buyers,” said Jim Tiegen, vice president 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.”

HomePath homes are owned by Fannie Mae and include a wide selection of properties, including single-family homes, condominiums, and town houses. For more information on purchasing a Fannie Mae-owned property through our new HomePath Online Offers pilot, visit www.HomePath.com.

For additional information, visit www.fanniemae.com.

Tags: fannie mae, Homepath, real estate purchase, online program, single-family homes, condominiums, town houses