Homepath homes?

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I might have to relocate - yet again - in order to stay employed. I would be forced to rent out my house in order to do this since I will not be able to sell for what I owe. I already have a house I am forced to rent out when I moved to this city. Since I am considered a investor if I buy again I would have to put a lot of money down and I just do not have it. I have started looking at homepath homes which are fannie mae foreclosures. Has anyone bought one? What is the buying process like? How long does it take? Are the listins accurate - I asked about one that was listed as active only to hear it was sold and about to close. Thanks everyone - I appreciate the advice.