Whether you're buying your first home or your fifth, the experience can be exciting, confusing, overwhelming and wonderful - all at once! Buying a Fannie Mae-owned home isn't much different. You want to make sure it's the right home for you, that it's affordable, that you work with a real estate professional you trust, and that you get financing you need.
Auction sales are for investors. If a HomePath property does not sell through traditional marketing efforts, Fannie Mae may remove the home from retail inventory and sell via auction. They utilize multiple auction platforms (ballroom, onsite, online) so they can reach the largest, most targeted audience possible.
The events are conducted by third-party auction companies and held at various times and locations through out the country.