Why Things Don't Work Right at Fannie Mae

Give you a big ole' AMEN on that one.  They don't go well on REOs either.  I have cash buyer with offer of 10 grand more than list on a property and they (fannie) withdrew from contract because they won't sign the GA power transfer lease form.  "It's not on our approved form list"  SERIOUSLY?  They want to continue to pay land lease fees with my tax dollars and not SELL the property to my cash buyer because the "form" isn't on the list. 

Oh you hit the right note with this one.  I just wonder where the people with common sense have gone.

Very frustrating and an example of how our tax dollars are being wasted! Regards Dave

Elizabeth,  you are the one who would know how to make short sales go smoothly so I respect your opinion.  Perhaps it is time for Fannie Mae and Freddie Mac to be dissolved and new entities put in their place.  That is just my opinion as someone on the sidelines watching and reading about everyone's frustration with these two behemoths.

This comment is not at ALL related to Fannie Mae short sales, but I thought you would find it interesting that my husband worked as a software engineer on a year contract with them.  The work environment was so depressing that he was completely miserable and eventually just quite that contract.  

Morning Elizabeth I'm at a loss for words but the bureaucracy at that large of a place I can see where by the time it goes from one hand to the other it may take awhile.