Raymond Kennedy
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  • Orland Park, IL
  • United States
  • Illinois
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Raymond Kennedy's Discussions

Updates on Fannie Mae & Freddie Mac Inflated Value Issues

Started this discussion. Last reply by Jorge Vega Feb 6. 110 Replies

Just looking for any input on others experiencing the Fannie & Freddie inflated value issues. Any recent updates or solutions? I have two files right now that that I am experiencing this with,…Continue

Tags: Freddie, Mac, Values, Inflated, Mae

 

Raymond Kennedy's Page

Latest Activity

Jonathan Katz replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"Looks like Fannie Mae Short Sale Guidelines haven't changed. They just hit us with an over priced counter. We're going to have to take out the big guns (reports, appraisals, bids, etc.), I'd say wish us luck but we've got…"
Jan 30
Mega-Pros replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"@Raymond:  Couldn't agree more!"
Nov 26, 2013
Mega-Pros liked Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
Nov 26, 2013
Fred Bauscus replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"I'd suggest including photos of the damage and bids for repairs.  Good luck!"
Oct 18, 2013
Maria Strong replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"I am in the process of sending in a dispute today.  Fannie is saying that the property is worth $260,000.  This would be the case, if the house was in pristine condition.  The negotiator (Wells Fargo) highly recommended disputing the…"
Oct 18, 2013
Mary S replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"Hi Rain, I am running into this issue a lot and I am curious as to how much longer the process took with taking it to the Consumer Finance Protection Bureau and OCC?   Thank you, Mary"
Oct 18, 2013
Minna Reid replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"Is anyone having any forward movement on these issues? My Fannie Mae issues are only getting worse as the year goes on. Now EVERY Fannie valuation is overpriced, and disputes don't seem to have much affect. If they revise their values at all,…"
Sep 16, 2013
Courtney replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"Need some help superstars! Fannie Mae came back at 275, they want our best and final offer. The appraisal was 241 that we sent as a value dispute. FM has seen this. Our initial offer was 225, we have to come up from that. Any thoughts on what the…"
Sep 16, 2013
Courtney replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"How can I do that as the buyer? Sellers agent not cooperating. I don't have the File#"
Aug 29, 2013
Kevin - Greenville, SC replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
Aug 28, 2013
Courtney replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"Servicer"
Aug 27, 2013
Kevin - Greenville, SC replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"who are you waiting to hear from the Servicer or Fannie Mae?  "
Aug 27, 2013
Courtney replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"newest update, this is getting ridiculous. for the past month and a half, all we have heard is "in the next 7-10 days", then we get a bit further, and again get "you should hear in the next 7-10 days" The appraisal the seller…"
Aug 27, 2013
David Evenrud replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"Who is the negotiator at S_t_r_s?  Are your emails being run through Symantecs?"
Aug 26, 2013
Courtney replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"Same servicer mentioned above. Maybe they are part of the problem too? Our negotiator has been MiA for a week now"
Aug 26, 2013
David Evenrud replied to Raymond Kennedy's discussion Updates on Fannie Mae & Freddie Mac Inflated Value Issues
"I have a ss that is a fannie. started 18 months ago. I am a broker and have negotiated all my short sales since 2009. Every one has closed whether they were current on their payments or behind. Original offer was 170k supported by a full…"
Aug 26, 2013

Profile Information

First Name
Raymond
Last Name
Kennedy
Are you a...
Agent
State
Illinois
City
Orland Park
My Profile
Keller Williams Preferred Realty
Realtor / Real Estate Consultant
Certified Distressed Property Expert (CDPE)
High Success Rate On All Approvals

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At 7:36am on January 1, 2011, Jim Schneider said…

Raymond,

We're glad you're a member of Short Sale Superstars. We're just starting an Illinois Short Sales Group at http://shortsalesuperstars.com/group/illinoisshortsales please Join. If you have any questions, you can reach me at 630 981-7300

Jim Schneider

 
 
 

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