Fannie Mae Valuation - Call update - Short Sale Superstars2024-03-28T18:48:24Zhttps://shortsalesuperstars.com/forum/topics/fannie-mae-valuation-call-update?feed=yes&xn_auth=noThanks for the update. I have…tag:shortsalesuperstars.com,2013-03-04:3468065:Comment:2998172013-03-04T14:16:55.382ZKimberley Kellyhttps://shortsalesuperstars.com/profile/KimberleyKelly
<p>Thanks for the update. I have to say I don't have a lot of faith though. I think Sandy may ultimately is pushing their own loans and hyper inflating the market. I no longer handle FNMAE short sales. Once they come back to reality, I will undertake them again here in the Palm Springs Valley.</p>
<p>Thanks for the update. I have to say I don't have a lot of faith though. I think Sandy may ultimately is pushing their own loans and hyper inflating the market. I no longer handle FNMAE short sales. Once they come back to reality, I will undertake them again here in the Palm Springs Valley.</p> The BPO is just ONE method th…tag:shortsalesuperstars.com,2013-03-01:3468065:Comment:2994952013-03-01T19:59:52.960ZKevin - Greenville, SChttps://shortsalesuperstars.com/profile/KevinMWillson
<p>The BPO is just ONE method they use to determine the 'Value' . Always had been, but they are just placing less weight on that now is my belief.</p>
<p>The BPO is just ONE method they use to determine the 'Value' . Always had been, but they are just placing less weight on that now is my belief.</p> @ Douglas: "AGREED"tag:shortsalesuperstars.com,2013-02-15:3468065:Comment:2967032013-02-15T01:31:31.214ZMega-Proshttps://shortsalesuperstars.com/profile/MegaPros
<p>@ Douglas: "AGREED"</p>
<p>@ Douglas: "AGREED"</p> I absolutely agree, Paula. E…tag:shortsalesuperstars.com,2013-02-15:3468065:Comment:2965592013-02-15T01:28:10.985ZMega-Proshttps://shortsalesuperstars.com/profile/MegaPros
<p>I absolutely agree, Paula. Everything you listed are ticking time bombs to set the economy on end again. I am trying to reach out to local legislators to come up with better ways of managing these problems. Cities and Counties first of all can start charging HUGE fees to lienholders who have boarded up windows, uncut grass or any kind of nuisance whatsoever. This would help stabilize budgets due to the decrease in sales volume and sales tax losses from real estate related revenue. MERS…</p>
<p>I absolutely agree, Paula. Everything you listed are ticking time bombs to set the economy on end again. I am trying to reach out to local legislators to come up with better ways of managing these problems. Cities and Counties first of all can start charging HUGE fees to lienholders who have boarded up windows, uncut grass or any kind of nuisance whatsoever. This would help stabilize budgets due to the decrease in sales volume and sales tax losses from real estate related revenue. MERS already undercut the counties out of billions of dollars in recording fees and they are not happy about it. </p>
<p>This may be a federal problem, but we can start making some common sense grass roots decisions to improve our own local communities and make it VERY difficult for these lienholders to bully our neighbors and constituents.</p> @Phil: LOL! 64% incline in…tag:shortsalesuperstars.com,2013-02-15:3468065:Comment:2964682013-02-15T01:20:42.342ZMega-Proshttps://shortsalesuperstars.com/profile/MegaPros
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<p>@Phil: LOL! 64% incline in ANY neighborhood would be a welcome sight! I think we all need to get plugged into C-Span/CNN and connect the dots to figure out why the government is coming in with these obviously ridiculous 'values.' Who are we trying to woo for dollars this week by showing inflated values on negative assets? China perhaps? -_- Good Grief</p>
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<p>@Phil: LOL! 64% incline in ANY neighborhood would be a welcome sight! I think we all need to get plugged into C-Span/CNN and connect the dots to figure out why the government is coming in with these obviously ridiculous 'values.' Who are we trying to woo for dollars this week by showing inflated values on negative assets? China perhaps? -_- Good Grief</p> I like the following paragrap…tag:shortsalesuperstars.com,2013-02-06:3468065:Comment:2949232013-02-06T17:37:31.306ZEdwin Baloloyhttps://shortsalesuperstars.com/profile/EdwinBaloloy
<p>I like the following paragraph in the NAR article:</p>
<p>"<em>At the conclusion of the meeting, FHFA GSE examination staff requested that NAR provide specific short sale cases sent by REALTORS® for review and agreed to meet in the coming weeks to identify patterns and continue to work with NAR on finding a reasonable resolution."</em></p>
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<p><span>In other words, after all the meetings and legwork done, FHFA has responded, "We have no idea what they're talking about. Prove…</span></p>
<p>I like the following paragraph in the NAR article:</p>
<p>"<em>At the conclusion of the meeting, FHFA GSE examination staff requested that NAR provide specific short sale cases sent by REALTORS® for review and agreed to meet in the coming weeks to identify patterns and continue to work with NAR on finding a reasonable resolution."</em></p>
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<p><span>In other words, after all the meetings and legwork done, FHFA has responded, "We have no idea what they're talking about. Prove it..."</span></p> unfortunately for us all...it…tag:shortsalesuperstars.com,2013-01-31:3468065:Comment:2936892013-01-31T06:27:47.208ZJeffrey Burnhamhttps://shortsalesuperstars.com/profile/JeffreyBurnham
<p>unfortunately for us all...it's working</p>
<p>unfortunately for us all...it's working</p> I don't think this contradict…tag:shortsalesuperstars.com,2013-01-30:3468065:Comment:2935012013-01-30T21:31:34.871ZJim McCormackhttps://shortsalesuperstars.com/profile/JimMcCormack
<p>I don't think this contradicts what we are experiencing at all. The entire premise that Mike and others are saying is that Fannie and Freddie are declining FMV short sales in favor of foreclosure since they are trying to take control of the properties and artificially push up the housing market via our current socialized housing market. Whether Fannie of Freddie actually has to foreclose or offer the seller/borrower a Deed In Lieu is not relevant. The relevant point is that they are…</p>
<p>I don't think this contradicts what we are experiencing at all. The entire premise that Mike and others are saying is that Fannie and Freddie are declining FMV short sales in favor of foreclosure since they are trying to take control of the properties and artificially push up the housing market via our current socialized housing market. Whether Fannie of Freddie actually has to foreclose or offer the seller/borrower a Deed In Lieu is not relevant. The relevant point is that they are taking title to the property so that they can list the house at a high price and offer financing with no appraisal in order to try and sucker naive home buyers into overpaying.</p> You may also want to read the…tag:shortsalesuperstars.com,2013-01-30:3468065:Comment:2934312013-01-30T17:44:27.610ZKen Ryanhttps://shortsalesuperstars.com/profile/KenRyan
<p>You may also want to read the latest update from NAR on this issue. Go to the link below to read.</p>
<p><a href="http://www.realtor.org/articles/gse-short-sale-valuation-problems">http://www.realtor.org/articles/gse-short-sale-valuation-problems</a></p>
<p>You may also want to read the latest update from NAR on this issue. Go to the link below to read.</p>
<p><a href="http://www.realtor.org/articles/gse-short-sale-valuation-problems">http://www.realtor.org/articles/gse-short-sale-valuation-problems</a></p> Thanks Yalda! This petition n…tag:shortsalesuperstars.com,2013-01-30:3468065:Comment:2932442013-01-30T17:29:35.896ZIrene Medina, PA CRS GRI CDPEhttps://shortsalesuperstars.com/profile/IreneMedinaPACRSGRICDPE
<p>Thanks Yalda! This petition needs to get attention!</p>
<p>Everyone please send this to everyone you know so that they can read it and sign it. I am sending it everywhere I can to get it signed!</p>
<p>Thanks Yalda! This petition needs to get attention!</p>
<p>Everyone please send this to everyone you know so that they can read it and sign it. I am sending it everywhere I can to get it signed!</p>