Keeping Fannie Mae Honest & Fair - IMPORTANT PLEASE READ!

----> SIGN PETITION BY CLICKING HERE! <----- 

One of our Active Rain members posted this on Facebook earlier today. When I saw it I signed the petition right away because I know how important this is to the Real Estate industry as well as our economy. What was discouraging was to see that the number of signatures were moving very slow. The goal is to get 100,000 signatures on this petition by Feb. 25th 2013. This means we would have to have an average of 4000 per day and we are definitely not on pace. I believe that this subject would be very senstive to our fellow rainers. This is not your typical post but I think it is worth putting up to get the word out. Please follow the link and sign the petition.

I have copied the verbiage verbatim below to give you a summary of what this is about. I can personally attest for this as I have had Fannie Mae respond with an extremely high value on my short sale listings, well above any realistic comparables. Please take a few minutes to check this out, re-post, post on facebook or anywhere else you can get some signatures. 

Force Fannie Mae to behave responsibly or shut them down.

Fannie Mae admits to demanding 20% more than market value for short sale properties - forcing homeowners into foreclosure. They then offer the properties to the public on their homepath.com website at 20% above market value and will give a federally sanctioned Fannie Mae bad loan for this price if the buyer "takes advantage" of not paying for an appraisal. These are the type of manipulations which destroyed the property market. As a federal bailout, Fannie Mae should be forced to act ethically and responsibly or they should be shut down.

----> SIGN PETITION BY CLICKING HERE! <----- 

 

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Raykenedy1 Rainmaker_large

Raymond Kennedy

Orland Park, IL

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Keller Williams Preferred Realty

Address: 16123 S. LaGrange Rd., Orland Park, IL, 60467

Office Phone: (708) 620-4460

Cell Phone: (815) 301-7007

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