In this article it directs a Realtor to the necessary online form to dispute a valuation of a Fannie Mae listing price. Fannie Mae is in a fight against investors. Fannie Mae is helping the Banks sell their foreclosed properties at a much higher price to first time home buyer than the property is really worth. Invests will not pay the high price of HomePaths' homes. Realtors have the right to dispute the value and a good Realtor should help an investor that wants to buy it.
January 23, 2013
Beginning
in the latter part of 2012, a number of REALTORS® across the country
reported that Fannie Mae had started jeopardizing short sale
transactions by requesting purchase offers at significantly higher
prices than market values. REALTORS® continue to report that Fannie
Mae’s actions have led to a decrease in the number of Fannie Mae short
sale transactions, an increase in the number of borrowers going through
foreclosure producing further negative effects on surrounding property
values. As a first step to address these concerns, Fannie Mae expanded
its online HomePath for Short Sales tool to help speed up its escalation
process in order to review problematic transactions more efficiently.
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