OfflineI found this article on DSNews.com...
Fannie Mae announced Tuesday that it has expanded its online system to accept purchase offers for all its REOs listed for sale.
Real estate agents will now submit offers online on behalf of clients, receive receipt confirmation, and track the status of submitted offers through the HomePath.com website. HomePath is the GSE’s REO disposition operation.
In November 2010, Fannie Mae launched the HomePath Online Offers pilot in Orlando, Florida; San Diego, California; and Detroit, Michigan. Active Data Technologies, Inc., the developer of the offer platform, commented just five months after the launch that the technology was seeing positive results in these three test markets.
http://www.dsnews.com/articles/fannie-mae-now-accepting-online-offers-fo...
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In fact, I was coming here to share it.
How do you think it will affect investors like us? Thoughts, Anyone?
peace.
Dana w/ Crossroads Solutions LLC
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I am direct to the VP of a $100 million dollar open-ended debt and equity fund which actively writes checks to fund businesses with an EBITDA of at least $1 million a year. We fund also have access to up to $500,000,000 for the purchase of distressed real estate, specially commercial $7,500,000 and up.
Joseph. I will check it out. Tammy
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.
just another step. now my agent can submit directly rather than dependant upon other agent to 'do their job' lol
FM just following suit to what HUD has already been doing.
they are requiring that we submit the 13 page addendum with the PA to be uploaded. another step in systemizing the process. my agent will from this point forward only have one page to change and submit (me presigning docs as I have done with my purchase agreements)
btw: state PA = 4 pgs, FM addendum = 13 pgs. LOL
I'm hoping the online submissions will expedite the process/turn-around time. stay tuned! lol
Jen
Thanks for sharing.
Sandra
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"In all things, wait on the Lord."
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so I guess Freddie Mac will follow suit... definitely simplifies things...
thanks for sharing!
Valerie
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