FNMA/Ditech counter offer too high - Short Sale Superstars2024-03-29T09:32:42Zhttp://shortsalesuperstars.com/forum/topics/fnma-ditech-counter-offer-too-high?groupUrl=greentreeservicing&commentId=3468065%3AComment%3A379706&x=1&feed=yes&xn_auth=noAgreed with the previous post…tag:shortsalesuperstars.com,2016-08-29:3468065:Comment:3797062016-08-29T16:25:38.687ZLondon Coxhttp://shortsalesuperstars.com/profile/LondonCox
<p>Agreed with the previous posters, a value dispute is your best option at this point. I've had much greater success with those when I have provided FNMA with solid evidence to document my value claim. CMAs and BPOs can be a bit arbitrary, inaccurate, or simply skewed. A repair estimate from a licensed contractor addressing all of the deficiencies with the property and a hard cost to fix them, can speak volumes (this repair cost can of course be.....creatively embellished in your favor).…</p>
<p>Agreed with the previous posters, a value dispute is your best option at this point. I've had much greater success with those when I have provided FNMA with solid evidence to document my value claim. CMAs and BPOs can be a bit arbitrary, inaccurate, or simply skewed. A repair estimate from a licensed contractor addressing all of the deficiencies with the property and a hard cost to fix them, can speak volumes (this repair cost can of course be.....creatively embellished in your favor). Likewise, a certified appraisal will usually be weighted by FNMA much more heavily than a BPO or CMA. This is obviously a cost and risk for the buyer in hiring an appraiser, but if they really want that property, it may be the only to get the price down.</p>
<p></p>
<p>To echo what Brett had previously stated though, the issue over not taking out the insurance claim could be problematic. Have you provided FNMA documentation stating that the borrower simply does not have the funds to pay the deductible, thus making a claim a rather moot point? I've found that a signed/dated letter from the borrower stating anything to be much more effective than simply telling them such.</p>
<p></p>
<p>London Cox</p> Thank you for your replies. W…tag:shortsalesuperstars.com,2016-08-29:3468065:Comment:3797032016-08-29T13:12:44.635ZJackie Gonzalezhttp://shortsalesuperstars.com/profile/JacquelineGonzalez
Thank you for your replies. Went through FNMA and they are the ones who counted back and asked for claim to be submitted.
Thank you for your replies. Went through FNMA and they are the ones who counted back and asked for claim to be submitted. You can jump over Ditech head…tag:shortsalesuperstars.com,2016-08-29:3468065:Comment:3797962016-08-29T01:31:34.754ZLori Younghttp://shortsalesuperstars.com/profile/LoriYoung
<p>You can jump over Ditech head and go right to FNMA for a dispute. They have a dispute portal online you can fill out if you represent the seller. This is very effective.</p>
<p></p>
<p>You can jump over Ditech head and go right to FNMA for a dispute. They have a dispute portal online you can fill out if you represent the seller. This is very effective.</p>
<p></p> Have you attempted a value di…tag:shortsalesuperstars.com,2016-08-28:3468065:Comment:3797912016-08-28T21:08:57.794ZBrett Goldsmithhttp://shortsalesuperstars.com/profile/BrettGoldsmith
<p>Have you attempted a value dispute with FNMA? Not taking out the claim could be an issue, I've seen this many times in the past.</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a></p>
<p>Have you attempted a value dispute with FNMA? Not taking out the claim could be an issue, I've seen this many times in the past.</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a></p>