Beginning Monday, September 26, 2011, Fannie Mae is launching a new pilot program where you will be able to use The Home Depot as a SAM contractor in the following counties:

California - Orange, Riverside and San Bernardino counties

Maryland  - Anne Arundel, Baltimore and Prince George's counties

Texas - Collin, Dallas, Denton and Tarrant counties

Virginia - City of Alexandria, Arlington, Fairfax, Loudoun, Prince William and Stafford counties

How It Works

The process to use The Home Depot as a SAM contractor is the same as with any other Fannie Mae SAM Repair Contractor. Simply complete a Broker Scope of Repairs/Contractor Bid Form for the required repairs and e-mail to:

FMREOServices@homedepot.com
 

Upon receipt, The Home Depot is expected to follow the same guidelines and timelines to return bids and perform repair work as any other SAM in these territories. The Home Depot is also expected to work with our National Flooring contractors on carpet and vinyl installations and to order appliances from Whirlpool, as 1093's are issued for these types of repairs.

Features of Using The Home Depot

The Home Depot will offer the following two additional marketing features for each property they repair:

1.The Home Depot will provide the new home buyer with a one year warranty (from the date of purchase) on all of the repairs performed by service providers contracted by The Home Depot.

2. The Home Depot will provide the new home buyer with a one time 10% discount for use toward the purchase of up to $2,000 in merchandise at The Home Depot ($200 maximum discount) or 10% off a Penske truck rental at The Home Depot.

The Home Depot Marketing Material

To promote these features to the prospective buyer, there will be three pieces of marketing material left by The Home Depot contractor at each property they repair (see links below for examples of the material):

1.Signage - A yard or window sign (depending on the property) advertising "Another HomePath Property Improved by The Home Depot" will be left at the property to promote to prospective buyers.

2.Marketing Brochure & Holder - A stack of trifold brochures will be placed in a brochure holder and left on the kitchen counter. Each brochure has the caption "Welcome To Your Future Home" and reiterates the advantages information listed above, as well as promoting other offers from The Home Depot.

3. List of Guaranteed Repairs - A plexiglass frame containing a customized description of the improvements made to the particular property and those under warranty by The Home Depot will be left on the kitchen counter.

Marketing Material Examples

Yard/Window Signage

Marketing Brochure and Marketing Brochure Holder

List of Guaranteed Repairs
 

Fannie Mae is excited about offering this new program, and we hope you will take advantage of the prospective marketing opportunity associated with using The Home Depot as a SAM contractor on your properties in the selected areas. 

If you have any questions about this pilot program, please contact your 24 Asset Sales Manager, or Repair Specialist.

Regards,

Vendor Operations