If you are looking for a property, Fannie Mae foreclosures and financing options can be a good place to start. To meet this aim, Fannie Mae acts as a lending organization. Fannie Mae keeps a public database of properties it owns under its HomePath brand, making it easy for anyone to search for real estate and submit an offer. Fannie Maes mandate is to make property ownership more accessible for Americans. Consider buying an REO property from Fannie Mae, and you may benefit from a lower purchase price and fewer associated sales costs.
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Using this website, you can search for homes in a specific zip code, but you can also use the “Property Alerts” tab to signup for notices on when homes in a certain area become available.īecause Fannie Mae Homes will always eventually be listed with a real estate agent, there is no great advantage to locating the home yourself going through the HomePath Website, but using the alert system may get you the information slightly faster than waiting for a realtor to be alerted and to then alert you. What are Fannie Mae Foreclosures Fannie Mae is a company supported by the federal government. However, they do have an excellent website which lists all the homes they currently are selling. Where can I find a list of homes foreclosed on by Fannie Mae?įannie Mae does not market their own foreclosures. These homes can often be purchased at a fraction of the fair market value price, allowing investors to take advantage of these repossessed homes for sale. The result is a “Fannie Mae Foreclosure”. Just like a lender that poses a mortgage which is delinquent, when Fannie Mae “possesses a mortgage” that is delinquent, they foreclose as well. 216.03 A Bond Redemption Premiums Payable to Bondholders. 216.02 E Notice and Collection of Other Fees and Expenses. 216.02 D Monthly Remittance of Fees to Fannie Mae. So, technically, their foreclosures are not bank owned homes for sale, but they are repossessed homes for sale. 216.02 C Collection and Remittance of Borrower Reimbursement Obligations for Fannie Mae Advances.
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They are a government sponsored entity (GSE) that securitizes mortgages made by other lenders so that those lenders can free up their funds to make additional loans. Fannie Mae is not a lending institution, per se. Fannie Mae Foreclosures are homes that have been repossessed by the entity, Fannie Mae.