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This ongoing initiative offers owner occupant homebuyers, Neighborhood Stabilization Program (NSP) grantees and non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes during their initial 30 days of listing without competition from investors.
What is the First Look Program? The First Look Program is an exclusive 30-day period for owner-occupants, government entities, and non-profits engaged in community stabilization to purchase properties on Auction.com without competition from investors.
Oct 22, 2018 · The First Look Program allows you to make bids on homes owned by Freddie Mac. The First Look initiative gives home buyers who plan to live in a home an advantage and head start over investors when Freddie Mac lists new homes in your area.
Apr 20, 2023 · The original first look program, Seller Select First Look, was created as a way to help generate more opportunities for owner-occupants, governmental entities, and nonprofit organizations to purchase select bank-owned (also known as REO, or real estate owned) Fannie Mae properties.
Sep 12, 2023 · First-look policies, which give owner-occupants and nonprofits an exclusive period to shop and bid on real-estate-owned properties, have been in effect since 2009, but several changes were made in 2022.
Our flagship property acquisition program is the First Look Program. Through First Look, participating organizations can receive access to the REOMatch platform after submitting an application. Read more to get involved.
Sep 20, 2010 · First Look is designed to promote owner occupancy and provide both owner occupants and public entities an advantage in submitting offers on Fannie Mae-owned foreclosed properties without competition from investors.
Sep 1, 2021 · Launched in 2009, the First Look Program promotes owner occupancy and neighborhood stabilization. Providing individuals, families, and nonprofits with a longer amount of time to find adequate financing should help keep owner occupants living in these homes.
Freddie Mac First Look Initiative Homebuyers: Making an Offer Agents: Submitting an Offer. About HomeSteps The HomeSteps Difference HomeSteps Fraud Policy Community Stabilization Occupants of Foreclosed Homes Site Map. HomeSteps. 6555 Excellence Way. Plano TX, 75023. Call: 1.800.972.7555.
Dec 15, 2022 · To keep homes affordable and accessible, HomeSteps follows the Freddie Mac First Look Initiative, which gives homebuyers a 30-day window to submit an offer on a home before facing competition from investors.
