Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Fannie Mae’s evil plot exposed

Great post from Mark Karten. This is exactly what is going on right now in Scottsdale and the Metropolitan Phoenix Area in Arizona! and yes, pick up your Short Sale Listing Agent carefully!!!
Just in time for Halloween, I want to tell you something scary that’s no ghost story. Over the last few weeks, I’ve laid the groundwork for today’s topic – Fannie Mae – and their sinister plan to change the world!
OK, maybe that’s a little dramatic and overstated – you tell me.
Two weeks ago, I told you that everything depends on the appraisal and how low appraisals can cause a sale to be cancelled. Low appraisals are also keeping market values lower and stagnant (although we’ve seen a 13.5% increase in value in the last year in Las Vegas.)
Last week, I referenced a report that showed that nationally, we could be back to our record home values (set at the height of the market in 2005) by 2015. The logical question is, “If appraisals are keeping prices lower, how will we reach record values in a little over two years?”
Some folks think that Fannie Mae is taking the bull by the horns and forcibly changing ... more

__________________________________________________
Are you on The Rain? Grow Your Network!