Comment

Comment by Myra McCaskill on January 17, 2013 at 10:55am

HI All, I spoke with Freddie Mac and they changed their email effective 1/1/13 to [email protected]  Please note.  

Comment by Myra McCaskill on January 16, 2013 at 1:14pm

Hi, I have been trying to send an email to Freddie Mac at [email protected] and I get getting a return error message stating no such user.  Is there a new email address?

Comment by Stacy Webb on November 6, 2012 at 10:17am

Does anyone know how long it takes for the Freddie Mac to come back with an Appoval or counter offer once they have all you paperwork at hand to justify the amount of sales price of the property?  We have only been working on this since July 2012.

 

 

 

Comment by Myra McCaskill on September 18, 2012 at 9:09am

I have property that is grossly overvalued by Chase.  We sent in a property valuation dispute to Chase, which in turn sent it to Freddie Mac and per Chase,as Chase (servicer) did not have delegated authority to decide on the property dispute.  Freddie Mac did not agree and is standing firm with their current property valuation.  They did not order another BPO and would not order another one.  We sent in comps, contractor estimates and inspection report showing the lower price value.  We have an offer on the property and a foreclosure sale date on 9/28.  I was also told they can not postpone the foreclosure unless a short sale approval is issued. Is that anything I can do to get Freddie Mac to agree to lower their property valuation?

Comment by Kevin - Greenville, SC on August 21, 2012 at 1:06pm

FHFA Announces New Standard Short Sale Guidelines for Fannie Mae an...

Comment by joe beauchamp on July 12, 2012 at 8:22pm

Freddie, in their infinite wisdom, requires the negotiator now to always ask for a contribution under the humanitarian ethic that if someone is on his deathbed, destitute, children going hungry, if he feels obliged enough to give money to freddie, they will be more than happy to cripple his family to take it. My latest was a BofA Freddie counter at $320K - $8K more than the homeowner owed, top of market around $250K. When I asked the negotiator to confirm that BofA is demanding $8K more than the homeowner owes and demands that she sweeten their profit by adding $5K cash at closing, she said that if we did not, it would be denied for insufficient offer. So much for logic and ethics at BofA/Freddie, eh? (Guess what, after a value dispute, they refused to change their number and DID deny the file.)

Comment by Holly B. Long on July 12, 2012 at 2:20pm

This is a great question Jim ---I have been wondering the same about Fannie and Freddie.  It seems to me this requirement varies from lender to lender.  I also wonder if the homeowner still has to have tried for a loan modification?  Just an FYI to all --in thinking that the homeowner had to have tried a loan mod -and based on past experiences thinking this client would be eligible for HAFA.. several months ago my client started process at BOA for loan mod and when we got offer on property requested to be removed - which we managed to do --only now to be told that she is not eligible for HAFA because her FICO score is to high and she would have to make a cash contribution...this was the first time I had heard that

Comment by Jim Stewart on July 11, 2012 at 2:30am

Does Freddie still deny HAFA requests if we receive an offer on the property prior to Freddie approving the borrower for the HAFA program?

Comment by Jimmy Esqueda on May 21, 2012 at 9:10am

Thanks Jim,  I called Freddie and confirmed that they must be employed to participate in HAFA.  Not good.

Comment by Jim Schneider on May 18, 2012 at 2:48pm

@ Holly and Jimmy, e-mail your letter of authorization, then call Freddie Mac. They are harder to deal with than Fannie Mae, but will step in when the servicer has gone haywire, which sounds like they have in your case.

• ‹ Previous
• 1
• …
• 4
• 5
• 6
• 7
• 8
• …
• 11
• Next ›
• Page