Fannie Mae asks for $2.5 billion in new US aid

Unbelievable!  Why are we bailing out these arrogant idiots?   Instead of trying to own 1/2 of America, why don't they make a smart business decision and learn what a short sale is and learn that it can save them AND the homeowners a tremendous amount of money and a major headache! 

Instead, they snub their nose at short sales and hide behind their "guidelines" and foreclose on a home that they typically could sell as a short sale and save the legal fees, repairs, maintenance and resale costs, not to mention NET more money today than 6 months down the road in a declining market.

http://news.yahoo.com/s/ap/20101106/ap_on_bi_ge/us_earns_fannie_mae_4

 

JUST SAY NO TO FANNIE MAE!  Call your state representatives, call your congressman, senator, CALL the White House and tell them to just say NO!

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Replies to This Discussion

Permalink Reply by Jeff Payne on November 11, 2010 at 3:07am
I agree, every Realtor in NAR needs to be contacting NAR and voicing our concerns. Feels like when I worked in the Steelworkers United Union...... question them and MEETING ADJOURNED!

Brigitte Powell said:
Jeff....LOL!!! I just got tired reading copy. Wish he had sent something in his own words....but then what did I expect. I don't think there are enough of us bothering to send a message of discust. I gave it a shot because i heard myself saying "why doesn't somebody do something".......What do you know???? I realized that I am a somebody :-)

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