Homepath?

[Therese V.]

There's a bunch of homes available, but they are Homepath properties. I understand that investors need to wait 15 days for offers? There is one that is listed with eligibility for Homepath renovation financing.

Does that mean that I would have to go with that financing? Or can I do my own conventional financing and not have to worry about using their contractors or whatever?

Can anyone explain what Homepath is, what I should know about it as an investor and things to consider on those types of properties?

[Andrey Derevianko]

Therese,

all Fannie Mae foreclosed properties are sold through Homepath website - "HomePath.com is the Official foreclosure website owned by Fannie Mae" (the same as Freddie Mac is using Homesteps - "HomeSteps.com is the official REO home search of Freddie Mac"). You do not have to use Homepath renovation financing, you can go with your own. I made multiple offers there, never got one accepted. So just go to the website and they have a lot of FAQ and tutorials there.