Flagstar Bank and Fannie Mae Fair Market Value

Working a short sale, fannie mae no pmi, Flagstar. Fair Market Value (BPO) came back way over actual fair market value and bank denied short sale due to "unacceptable purchase offer." Any hints as to how to appeal a denial based on FMV with Flagstar? Escalate it, or try to work with our "point of contact?"

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Permalink Reply by Bryant Tutas on May 17, 2012 at 1:00pm

Hi Maureen. You need to send a value dispute tot Flagstar. Here's the form for a Fannie Mae dispute. Be as accurate as possible. If their are repair issues you'll 2 estimates form license contractors. Also, send in the listing and showing history.

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Permalink Reply by Maureen Nichols on May 17, 2012 at 1:30pm

Perfect, thank you!

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