For additional information, see B2-1.2-01, Purchase Transactions. Start searching at HomePath.com Fannie Mae's mandate is to make property ownership more accessible for Americans. Purchasing a Foreclosed or Short Sale Property in Lancaster, PA. To meet this aim, Fannie Mae acts as a lending organization. They are owned by a bank or a lender who took ownership through foreclosure proceedings. These properties are currently listed for sale. Fannie Mae is a company supported by the federal government. Fannie Mae serves the people who house America. Report possible fraud directly to Fannie Mae at Mortgage Fraud Tips.You may also call our Fraud Tips Hotline at 1-800-2FANNIE (1-800-232-6643) to report possible fraud or if you have other concerns relating to a Fannie Mae-owned property. Extra Time: The public fund buyer receives up to 45 days to close- 15 days more than is usually permitted for purchases of Fannie Mae-owned properties. These are also known as bank-owned or real estate owned (REO). The Fannie Mae’s and Freddie Mac's REO portfolios are now stable and their individual retail sales are achieving close to fair market values for the properties. Whether you’re a new or seasoned buyer, an investor or a homeowner, buying a foreclosed or distressed property can be a great opportunity to get the most for your investment. HomePath.com by Fannie Mae is where you can find real estate-owned (REO) properties for sale. Fannie Mae is not a lending institution, per se. If you are looking for a property, Fannie Mae foreclosures and financing options can be a good place to start. If you are in the market to buy a home, you might be able to save some money by buying a home that is on the market as a result of a foreclosure. * Report possible fraud directly to Fannie Mae at Mortgage Fraud Tips.You may also call our Fraud Tips Hotline at 1-800-2FANNIE (1-800-232-6643) to report possible fraud or if you have other concerns relating to a Fannie Mae-owned property. Fannie Mae acquires mortgage loans secured by real estate. A new, cleaner look and feel that works on whatever device you use – desktop, phone or tablet