HomePath offers owner occupants (homebuyers who will live in the home as their primary residence) an exclusive “first look” at newly listed foreclosed properties. During the First Look™ marketing period, you can make an offer and purchase a HomePath home without competition from investors. Look for the First Look logo to see which properties are still in the First Look marketing period.

First Look™ Program Details

Fannie Mae’s innovative First Look marketing period was created to promote homeownership and contribute to neighborhood stabilization — allowing homebuyers to negotiate and purchase foreclosed properties before they are made available to investors.

• 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.
• Eligible buyers during First Look are owner occupants/public entities and their partners, and some non profits.

Investor offers submitted after the First Look period expires will be considered along with all other offers.

Owner occupants are those buyers that will occupy the property as their principal residence within 60 days of closing and will maintain their occupancy for at least 1 year. Owner-occupant purchasers are required to sign an Owner Occupant Certification as a rider to the Real Estate Purchase Addendum. A buyer purchasing in the name of a trust, purchasing as a vacation/part-time residence, or purchasing so another person or relative can live in the property will typically be considered an investor and not eligible during First Look.

Here’s a home in Daphne, AL that’s in the First Look Period: