Fannie Mae has announced the expansion of its Online Offers system to collect and manage real estate purchase offers for Fannie Mae-owned properties across the country.
As part of this expansion, real estate professionals will now submit offers online for their clients, receive receipt confirmation and track the status of submitted offers through the HomePath.com website.
In November 2010, Fannie Mae launched the Online Offers pilot in three markets: Orlando, Fla., San Diego and Detroit. The Online Offers feature is now available for all properties on HomePath.com across the nation.
‘Collecting offers online through HomePath.com will provide greater transparency for homebuyers and their agents,’ says Jay Ryan, vice president for real estate owned properties at Fannie Mae. ‘Our online platform will make it easier to sell properties to owner-occupants, which is a major factor in helping to stabilize communities across the nation.’