Fannie Mae expands online sales

Fannie Mae, which began a pilot program in Orlando, San Diego and Detroit in 2010 to take offers for Fannie Mae-owned houses online, is expanding the online program nationwide.

Through its HomePath program, real estate agents now can submit offers on behalf of potential buyers online, get online confirmation and track the status of their offers through the HomePath.com website.

“Collecting offers online through HomePath.com will provide greater transparency for homebuyers and their agents,” said Jay Ryan, vice president for REO at Fannie Mae. “Our online platform will make it easier to sell properties to owner occupants, which is a major factor in helping stabilize communities across the nation.”

via Fannie Mae expands online sales.