FNMA First Look Timer
May 11th, 2010
New Tool on HomePath.com Gives Buyers "First Look" at Fannie Mae Homes
Fannie Mae has introduced a new tool to help buyers identify properties that are within the First Look marketing period on HomePath.com -- the First Look timer. Fannie Mae's First Look is designed to provide owner occupants and buyers using public funds a "first look" at Fannie Mae homes. During the First Look marketing period -- typically the first 15 days a property is listed on HomePath.com -- only offers from owner occupants or buyers using public funds are considered.
Property listings that are eligible for the program will include a First Look logo and a timer that indicates the number of days remaining in the First Look marketing period. As of May 3, the First Look timeframe will no longer be tracked according to the MLS (multiple listing service) listing date. All offers and negotiations should be based on the "days left in First Look" as provided in the property details.
The First Look program reinforces Fannie Mae's commitment to providing neighborhood stabilization across the nation. For more information, visit HomePath.com or contact a Fannie Mae listing broker.
To view the online Announcment, please click here
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.