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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.
Fannie Mae has a 30 day First Look policy. First Look’ Longer | Know Your Options – First Look‘ longer mar 10, 2014 Fannie Mae’s innovative First Look marketing period was recently expanded from 15 to 20 days to provide additional time for eligible owner-occupants and public entities to submit an offer on a "First Look" Fannie-Mae owned.
A Fannie Mae First Look property hit the market in my area yesterday. My agent called the listing agent within hours and was told there was already a cash offer. Considering there is no lock box on the house yet, there are no pictures in the listing, and they are paying cash, I do not believe this is an owner occupant- it screams investor.
Under the "First Look" initiative, during the first 15 days a FNMA property is listed for sale, only offers from owner-occupants, public entities or their partners will be considered for purchase from FNMA. Offers from investors can be submitted, but won’t be considered until after the initial 15 days of listing expires.
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The Fannie Mae "First Look" program was structured specifically to eliminate competition between investors and owner occupants, for a period of 15 days, 30 in Nevada. We’ve also seen them extend the "First Look" period.
The truth about getting around due-on-sale clauses. Posted by John Reed on Sep 24, 2015
FNMA First Look Timer – Safeguard Properties – 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.