Buying Fannie Mae Foreclosure Tips -

: Although properties are sold as-is, you still have the right to an inspection after an offer is accepted. Use the findings to determine if the renovation costs still make the home a good investment.

: If you are a first-time buyer (meaning you haven't owned a home in three years), completing Fannie Mae's online HomeView education course can qualify you for up to 3% of the purchase price back in closing cost assistance. You must finish this course before submitting your offer. buying fannie mae foreclosure tips

Buying a Fannie Mae foreclosure—commonly referred to as a property—offers a unique opportunity to secure a home at a potentially lower price point, but it requires following a specific, business-oriented process that differs from traditional real estate transactions. Essential Buying Tips for HomePath Properties : Although properties are sold as-is, you still