Comment

Comment by Rachael Babinchak on November 27, 2012 at 8:32am

We have to slam them from every angle...even lenders for buyers are telling me FNMA is pushing Homepath very strongly because of the "no appraisal" so they can sell overpriced homes after auction.  Here's Anna's info

Anna "Banana" Kruchten replied to Gregory Holmes's discussion "FNMA Irrational Values" in Fannie Mae on Short Sale Superstars:
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We all need to contact our respective Attorney Generals office. Read the post I did about "How to file a Fannie Mae short sale decline in AZ" http://actvra.in/M5c

Comment by joe beauchamp on November 27, 2012 at 8:26am

Alex, ask your negotiator for a value dispute form. The downside is that FNMA and FHLMC seem to be taking BPO's and adding a bunch to them in their demands - look around the forums - you'll see pointers to TV news stories, etc. Being right doesn't matter to these fed bailout entities, it seems you need to shout loud enough - in front of a camera to get them to back down. After no reasonable response to a good BPO dispute, I think the next "easiest" solution is to involve your state senator - followed by the less likely TV news report.  (I just saw a mention of the state attorney general - don't know where that might go since it is not illegal to be a sociopathic fed bailout parasite..)

Comment by Uilani De Motta on November 27, 2012 at 7:19am

Submit an appraisal for a value dispute. 

Comment by Alex Krumm on November 27, 2012 at 7:07am

My seller's BOA short sale was just declined based on a BPO that came in $100k+ high; in your experience, what's the best way to launch a valuation dispute?  It's Fannie-backed.

Comment by Tara Samney on November 26, 2012 at 11:41am

My Bank of America VA short sale closed within 60 days from list date.  I have to say it was a very good experience.  A little rough in the beginning but after that extremely fast responses to any questions.  Quick HUD-1 approval and responses often in minutes.  Nice.  Wish I could say the same for the Freddie Mac loans but... I would definately take on another B of A VA short sale.

Comment by Rachael Babinchak on November 20, 2012 at 2:35pm

sorry link: http://portal.hud.gov/hudportal/documents/huddoc?id=DOC_16788.doc

Comment by Rachael Babinchak on November 20, 2012 at 2:35pm

I did a quick read on the mortgagee letter - sounds like they might but go above the negotiator direct to FHA/NSC (pg. 8 & 9 talks about repairs).  I've not done one personally but that's how I'd approach it.

Comment by Kevin - Greenville, SC on November 20, 2012 at 12:27pm

Shannon,  Do you have an ATP?  A variance will be required for maintenance issues (this is subjective).

Comment by Shannon Vowles on November 20, 2012 at 12:15pm

I'm trying to get an FHA SS through that has condition issues that the Seller cannot afford to repair. Tenants have trashed the property and the Seller no longer lives there. The negotiator is saying that it will be declined because the home is not being "maintained." Has anybody been able to overcome this issue?

Comment by Jane Billings on November 16, 2012 at 6:43am

Does anyone know what the "audit triad" is for B of A? 

 

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