Special Offer for Homebuyers: up to 3.5% closing costs!

                                                                    

To be eligible for the incentive,

Initial offer must be submitted between February 14, 2014 and March 31, 2014 and close on or before May 31, 2014

The property must be located in one of the 27 states participating in the incentive: Arizona, California, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, Ohio, Oregon, Puerto Rico, Tennessee, Virginia, Washington, West Virginia and Wisconsin.

The property must be in the First Look period. Prospective buyers can search for properties and easily identify how many days remain on a property’s FirstLook period by visiting www.HomePath.com. Each qualifying property will be identified by the sales incentive icon:

The incentive will offer qualified buyers up to 3.5 percent of the final sales price to pay closing costs. In many cases, buyers could use these savings to buy down their interest rate through upfront points, resulting in additional savings over time. Buyers can work with the lender of their choice to determine if this is an option. Restrictions apply. Visit Homepath.com for full terms & conditions.

Homebuyers who purchase a HomePath® property in 27 states during the First LookTM period may receive up to 3.5 percent in closing cost assistance. During the First Look period, owner-occupant or public entity buyers are able to submit offers on HomePath properties, giving them the opportunity to purchase homes without competition from investors.

- HomePath Agent Connect  February 2014 Volume 1, Issue 1 

HomePath offers owner occupants an exclusive "first look" at newly listed foreclosed properties. Fannie Mae recently announced the extension of the FirstLook period from fifteen days to twenty days, providing additional time for owner-occupants and public entities to submit an offer on a HomePath property without competition from investors.

Look for the First Look logo to identify properties in the First Look period.

*FirstLook is 30 days in Nevada

© 2014 Fannie Mae. Trademarks of Fannie Mae and respective owners.

HomePath

FirstLookTM extended to

20 days*!

Online Offer Process Frequently Asked Questions Making an offer to purchase a HomePath property is easy and is done entirely online. All offers on HomePath properties (excluding auctions) must be made using the HomePath Online Offer system. Visit www.homepath.com for more details and helpful resources. How do Selling Agents register for HomePath Online Offers? The first time you make an offer on a property, the system will prompt you to register and guide you through the process of establishing your account with a username and password. Registering a new account is free and easy to do and allows you to access your account to submit offers and check the status of your offers. Click the Make an Offer button on your selected HomePath property, to begin the registration process. How do Selling Agents enter an offer to purchase a HomePath Property? Log in to HomePath.com. Locate the property using the Search function, and click the ONLINE OFFER logo to access the listing details page. Once on the Listing Details page, click the Make an Offer button. Complete all relevant/required fields that constitute the offer and upload the signed Sales Contract and Fannie Mae Real Estate Purchase Addendum. A completed and signed Sales Contract and Fannie Mae Real Estate Purchase Addendum are required before an offer can be considered by Fannie Mae. How can a Selling Agent ensure the offer is received by the Listing Agent? Once an offer is successfully submitted, the system will generate a printable online confirmation form (including the confirmation number) .The Listing Agent will also receive an automated email notifying them that a new offer has been submitted in HomePath. Keep in mind you can always communicate directly with the Listing Agent following the online submission to clarify the offer terms or ask questions. Does the Selling Agent have to upload the signed sales contract or offer form and the Fannie Mae Real Estate Addendum for their online offer to be considered? Yes. Does the Selling Agent have to respond to a counter offer via the HomePath Online Offers system? Yes. If a listing agent counters your initial offer, you will have to reply to the counter via the online offer system. The system will prompt you via email to accept the counter, propose a new counter, or reject the counter. If other offers are present, you also may be invited to participate in a multiple offer round. There is no need to upload documentation with each counter offer negotiation round, but if your negotiation concludes in an accepted offer, the system will notify you on what steps you will need to take next. Do I need to get permission from the prospective buyer to enter his or her offer information in HomePath.com? Yes. Who do I contact if I still have questions? Click the “Questions” button located on the right side of any screen within the HomePath Online Offers system or go to http://www.homepath.com/offerQuestion.html to view webinars and access guides. Additionally, contact 1‐866‐218‐4446 for additional assistance.

For Additional Information

1‐800‐7FANNIE (1‐800‐732‐6643) 

Find out about new HomePath properties in your area 

From the main search page on www.homepath.com click on the search screen and complete a search. 

From the search screen, click on the yellow icon “Save this search” on the upper left‐hand corner of the screen. 

Help Prevent Fraud  

If you are aware of or suspect inappropriate activity in connection with a Fannie Mae property, please immediately report it either by e‐mail, MortgageFraud_tips@fanniemae.com or to our Fraud Tips Hotline,                 1‐800‐7FANNIE (1‐800‐732‐6643). 

February 2014  Volume 1, Issue 1 

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Ready to make an offer? Fannie Mae will only consider offers made through the HomePath Online Offer system. To make an offer, log on to HomePath.com. Locate a property by using the Search feature, click the Online Offer logo to access the listing details page of the property. Click the Make an Offer button to start the online offer submittal process. Questions? Check out homepath.com/offerQuestion.html