what is a fannie mae property

[ChaseAnn]

A Fannie Mae property is a home owned and sold by Fannie Mae, usually following a foreclosure or a deed in lieu of foreclosure. Often referred to as "HomePath properties," these homes are sold directly by Fannie Mae or through its HomePath program website. They can offer more affordable purchase prices but are typically sold "as-is," meaning buyers may need to budget for repairs or updates.