The process of purchasing a homepath home is the same process to purchase any other home. The only difference is that instead of just signing the 10 page purchase contract, for homepath properties you will also have to sign their 13 page bank addendum as well. For homepath properties, for the first 15 days they will only review offers from owner occupants. If you are an investor and if the home is still available then they will review your offer after the 15 day first look period is up.
You could go to homepath.com and if it says "firstlook" then they will only review offers from owner occupants. If you click on the property then it will show you how many days are left before they could review offers from investors. I just closed a deal on a homepath property and just received a verbal acceptance for another homepath property. If you have any further questions then please feel free to contact me directly.
Prudential California Realty
3202 W. March Lane #D
Stockton, CA 95219