⚠ HomePath Program Ended October 2014
This post references the Fannie Mae HomePath Mortgage, which was retired in October 2014. Foreclosed homes — including Fannie Mae-owned properties — can still be purchased today using conventional, FHA, VA, or USDA financing. See today’s low-down-payment options for buying a home in Washington State →
Zillow has added a “foreclosure center” where you can search for foreclosed homes in your neighborhood. The search includes bank owned homes (REO) and pre-foreclosures (a home that is getting to auction).
Here’s a snap shot of what Zillow is showing as current foreclosures in West Seattle. The red houses are foreclosures and the blue houses are pre-foreclosures.
Yesterday I attended the “Fannie Mae Back to Basics Road Show”. I was really hoping to get some clarity and “insider nitty gritty” but left feeling a bit underwhelmed. The information that was covered was (I guess as the title says) the “basics” which every Loan Originator SHOULD KNOW and
