| Fannie Mae uses its HomePath.com to sell foreclosure homes that they have acquired. They also sell their homes through Arizona MLS listings, such as the REO homes below. A great tool Fannie Mae has is their First Look program, which was created to allow homebuyers to bid (through their Realtor) and purchase foreclosed properties before they are made available to investors. This program typically gives Arizona homebuyers the first 15 days a property is listed on HomePath.com. Eligible homebuyers are owner occupants, public entities and their partners, and some non profit groups. According to Fannie Mae "Owner occupants are those buyers that will occupy the property as their principal residence within 60 days of closing and will maintain their occupancy for at least 1 year. Owner-occupant purchasers are required to sign an Owner Occupant Certification as a rider to the Real Estate Purchase Addendum. A buyer purchasing in the name of a trust, purchasing as a vacation/part-time residence, or purchasing so another person or relative can live in the property will typically be considered an investor and not eligible during First Look. ". |
MLS listings of Fannie Mae Foreclosure homes for sale in Arizona via ARMLS / IDX
| All real estate advertised herein is subject to
the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or
discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or
intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law.
All persons are hereby informed that all dwellings advertised are available on an equal opportunity
basis. |
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