Owner-occupants get first shot to buy Fannie Mae foreclosures; Investors must wait

Dennis Norman

Fannie Mae announced this week that it is expanding the Freddie Mac First Look Initiative so any home shopper can buy a HomeSteps® home as their primary residence during the first 15 days of the property’s listing without competition from investors. HomeSteps is the real estate sales unit of Freddie Mac and markets a nationwide selection of Freddie Mac-owned homes.

Highlights from the First Look Initiative:

  • In Nevada, the Freddie Mac First Look Initiative offers buyers who plan to become owner-occupants a 30 day window to shop without investor competition.
  • Investment, vacation or second home purchasers are ineligible for the Freddie Mac First Look Initiative.
  • The Freddie Mac First Look Initiative will provide a 15-day window to buyers working with NSP and NCST affiliated groups.

This initiative by Fannie Mae will definitley give home buyers that are looking to buy a Fannie Mae foreclosure home a great opportunity on a home.  Many investors purchase Fannie Mae homes to resell or to hold as rental property and by giving homeowners the first shot a lot of the competition is eliminated.

To find out more about homes available on the First Look initiative, or to get more information on the program you can leave me a comment on this site.

Print Friendly, PDF & Email

22 comments to Owner-occupants get first shot to buy Fannie Mae foreclosures; Investors must wait

  • … [Trackback]

    […] Find More Info here on that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • you’re really a good webmaster. The web site loading speed is amazing. It seems that you are doing any unique trick. Also, The contents are masterwork. you’ve done a fantastic job on this topic!

  • … [Trackback]

    […] Find More on that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • … [Trackback]

    […] Here you can find 4807 additional Information to that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • … [Trackback]

    […] Read More here to that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • … [Trackback]

    […] Here you will find 17938 additional Info to that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • I’m impressed, I must say. Actually hardly ever do I encounter a weblog that’s both educative and entertaining, and let me inform you, you’ve hit the nail on the head. Your thought is outstanding; the problem is something that not enough people are talking intelligently about. I’m very comfortable that I stumbled throughout this in my search for one thing regarding this.

  • … [Trackback]

    […] Read More Info here on that Topic: stlouisrealestatenews.com/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • I believe this website has very fantastic composed content posts.

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • I conceive this internet site has got some very superb information for everyone : D.

  • … [Trackback]

    […] Find More here on that Topic: stlouisrealestatenews.com/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • … [Trackback]

    […] Here you will find 21354 additional Information to that Topic: stlouisrealestatenews.com/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • SEO

    I very like this blog. Everything is cleared.

  • Wow that was strange. I just wrote an very long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say fantastic blog!

  • Merely wanna comment on few general things, The website style and design is perfect, the subject matter is real fantastic : D.

  • I am typically to running a blog and i really admire your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand new information.

  • … [Trackback]

    […] Here you can find 93297 more Info on that Topic: stlouisrealestatenews.com/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • Great awesome things here. I?¦m very satisfied to look your post. Thanks so much and i am having a look ahead to touch you. Will you please drop me a e-mail?

  • … [Trackback]

    […] Find More on that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • … [Trackback]

    […] Find More on on that Topic: stlouisrealestatenews.com/foreclosure/owner-occupants-get-first-shot-to-buy-fannie-mae-foreclosures-investors-must-wait/ […]

  • I’ll right away grab your rss feed as I can’t find your email subscription link or newsletter service. Do you have any? Please let me know in order that I could subscribe. Thanks.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>