homepath: How To Dispute A Fannie Mae Value On A Short Sale
- 10/16/13 10:48 PM
How To Dispute A Fannie Mae Value On A Short Sale Hi folks. If you work Short Sales you know that one of the issues we have right now is Fannie Mae coming back with values that can not be supported by the market. Inflated property values are the norm with FNNMA. They counter EVERY transaction with a very high price. You can count on it. If you are not prepared for this you can easily have your Fannie Mae HomePath Short Sale blown out of the water. Since we know Fannie Mae is going to counter on price it … (41 comments)
Hi Folks. Fred Glick posted an article earlier this week titled "No more need for appraisals". Go give it a read if you haven't already. Fred's article is basically a "dream" that appraisals are no longer needed to get a mortgage.. My opinion is that his dream will be a reality in the very near future. In fact...... You can already buy Fannie Mae and Freddie Mac foreclosures (REOs) with no appraisal required through their Homepath and Homesteps programs. Fannie Mae HomePath Mortgage: Allows a buyer to purchase a Fannie Mae-owned property with a low down payment, no … (7 comments)
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