Maryland Blogger: HomePath Properties in Montgomery County, Maryland

HomePath Properties in Montgomery County, Maryland

HomePath Properties in Montgomery County, Maryland

 

Some prospective home buyers want to explore the home purchase opportunities in the foreclosures sector. HomePath properties are Fannie Mae foreclosures and are available on MRIS, the regional Multiple Listing Service or at HomePath.com, the Fannie Mae website. I received a notice from HomePath that five homes are currently available for sale in Montgomery County, Maryland in the price range from $249,000 to $328,000.

When you explore foreclosure purchase opportunities, you will want to make sure that your buyer agent is familiar with the process and any special financing that may be available. 

 

Find a Home during First Look

HomePath offers owner occupants (homebuyers who will live in the home as their primary residence) an exclusive "first look" at newly listed foreclosed properties. During the First Look™ marketing period, you can make an offer and purchase a HomePath home without competition from investors. Look for the First Look logo to see which properties are still in the First Look marketing period.

First Look™ Program Details

Fannie Mae's innovative First Look marketing period was created to promote homeownership and contribute to neighborhood stabilization — allowing homebuyers to negotiate and purchase foreclosed properties before they are made available to investors.

  • First Look is typically the first 20 days a property is listed on HomePath.com (Nevada is 30 days).
  • Properties in the First Look period have a countdown clock on the property information page of HomePath.com displaying the days remaining to purchase.
  • Eligible buyers during First Look are owner occupants*, public entities and their partners, and some non profits.

Investor offers submitted after the First Look period expires will be considered along with all other offers.

 

 

 Petunia, Kentlands Photowalk, Gaithersburg, Maryland

Photograph by Roy Kelley

Roy and Dolores Kelley Photographs

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Roy and Dolores Kelley Photographs

Roy Kelley and Associates

 

Roy Kelley, Associate Broker

Realty Group Referrals (Retired from RE/MAX Realty Group)

6 Montgomery Village Ave., Suite 200

Gaithersburg, MD 20879

Main Office:  301-258-7757 (You will not reach me at this number)

Send an email message if you need my phone numbers. I will be happy to recommend a real estate professional if you are moving to the area.

Comment balloon 9 commentsRoy Kelley • June 15 2017 04:29PM

Comments

Roy, good post for those buyers looking for a foreclosure.  We have not seen many over the last few years.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) 2 months ago

Good morning Roy. I have not represented a buyer purchasing a homepath property. Enjoy your day! 

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) 2 months ago

Thank you very much for your comments. It is always good to hear from you.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 2 months ago

Roy Kelley  This is great information Homepath foreclosures are still available in our area

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) 2 months ago

Roy,

Thank you for that informative post about Homepath foreclosures.  Happy Sunday, A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding and Marketing (Napa Consultants) 2 months ago

Thanks, again, for our comments. Have an outstanding week.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 2 months ago

The short-sale and foreclosure market has been significantly reduced here in Sacramento.  We are currently dwelling in one of the hottest real estate markets in the country.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 2 months ago

You still have time to participate in all three of the ActiveRain contests this month. 

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 2 months ago

There are often some excellent opportunities for both investors as well as buyers on limited budgets with the HomePath properties that come on the market.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 2 months ago

Participate