Hello Short Sale Superstars,
Used to be that Fannie Mae had a minimum net of 88% of market value, then they would go down in specific increments from there. Anyone know what Fannie Mae is up to these days with their minimum net? Thanks in advance! Deb
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It's tough to find out FNMA Min NET's. Generally I find that they want an offer at least of 90% of their FMV. More often than not the sweet spot seems to be around 94% on the low end. FNMA is as strict as ever!
310-564-6389
I have one right now where FNMA has accepted 95% of appraised value .
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