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  • Fannie Mae over valueing short sales.

    I have heard of an owner who had house listed for short sale no offers no offers reduce price finally get offer of like 350,000 which was sorta low. Fannie Mae says it is worth 435,000 and blows up shortsale back on market owners hire attorney and Fannie Mae suggest deed in lieu , second will not get a dime so Fannie Mae gets all their money second gets Nada and agent loses out on commision. Question is what will the second request try to get in this scenario?

    Thanks Fannie

  • #2
    Re: Fannie Mae over valueing short sales.

    I heard from another agent with a similar story today. Fannie Mae has also suggested that his clients pursue a deed in lieu.

    Does anyone know why Fannie Mae would do this? just so they can sell overpriced HomePath properties?
    Pamela Palmer, Office Manager, Prudential Fine Homes Specialist..916-837-4500
    El Dorado Hills, Folsom, Sacramento California Sales & Marketing
    http://www.askpamela.com

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    • #3
      Re: Fannie Mae over valueing short sales.

      Information to assist with Fannie Mae Short Sales.Fannie Mae has extensive experience valuing and negotiating real estate transactions. • Since 2007, Fannie Mae was the investor on over 300,000 short sales with the agent or servicer to address challenges such as valuation disputes.The tool, a new short sale escalation process, is open to any real and through the servicer. My value disputes were over 100 pages long. During a short sale, there may be various obstacles, with misaligned property .Fannie Mae) has their own policies and procedures for value dispute, the world over—dispelling myths about the distressed property market.You can escalate an issue about a short sale involving a Fannie Mae owne.


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