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Common practice with FNNMA. They counter EVERY transaction with a very high price. You can count on it. So since we know that it is imperative that we give the property some tome on the market so we can prove to FNNMA that the offer we have is highest and best. Be able to justify your pricing and back it up with as much data as you can. Then submit a value dispute at their home path short sale site.
I've done this about a dozen time and was able to close on all of them at our contract price.
I use data from:
Overwhelm them with data that supports your pricing. They will agree even if you have to keep countering.
You can dispute value at time of listing through homepath. Also enter you offer details in homepath as soon as you send the SS to the servicer. That way FNNMA will monitor the transaction.
I have found that working the system is better for me than trying to change it.
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