Working a short sale, fannie mae no pmi, Flagstar. Fair Market Value (BPO) came back way over actual fair market value and bank denied short sale due to "unacceptable purchase offer." Any hints as to how to appeal a denial based on FMV with Flagstar? Escalate it, or try to work with our "point of contact?"
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Hi Maureen. You need to send a value dispute tot Flagstar. Here's the form for a Fannie Mae dispute. Be as accurate as possible. If their are repair issues you'll 2 estimates form license contractors. Also, send in the listing and showing history.
Perfect, thank you!