new fannie mae program allows buyer to bid with their agents directly on their REO properties

I went to FANNIE's site, but couldn't see how it worked. Looks like the
product hasn't been fully implemented into their website.

From DS News

> Fannie Mae Launches REO Pilot Program

Fannie Mae is testing the waters for a new program that allows real estate
agents to submit offers for the company's REO properties on behalf of their
clients and track the status of those offers online. The program is being
piloted in Orlando, Florida; San Diego, California; and Detroit, Michigan.
The new feature is currently available for Fannie Mae-owned homes in these
areas through the GSE's HomePath Web site. Officials say the program will
provide increased transparency and efficiency in the submission process.



Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536


CA DRE#: 01173766