WHY IS FANNIE MAE COUNTERING WAY ABOUT BPO AMOUNT? - Short Sale Superstars2024-03-29T15:53:14Zhttps://shortsalesuperstars.com/forum/topics/why-is-fannie-mae-countering-way-about-bpo-amount?commentId=3468065%3AComment%3A365890&x=1&feed=yes&xn_auth=noAre others still having this…tag:shortsalesuperstars.com,2015-06-23:3468065:Comment:3658902015-06-23T20:11:58.770ZLori Younghttps://shortsalesuperstars.com/profile/LoriYoung
<p>Are others still having this same issue? Got a foreclosure judgement amount for a Fannie Asset $190,000 and Fannie Mae countered $275,000. </p>
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<p>Are others still having this same issue? Got a foreclosure judgement amount for a Fannie Asset $190,000 and Fannie Mae countered $275,000. </p>
<p></p> We have had the same issue wi…tag:shortsalesuperstars.com,2013-06-09:3468065:Comment:3182342013-06-09T15:11:38.595ZChristina Waymreenhttps://shortsalesuperstars.com/profile/ChristinaWaymreen
<p>We have had the same issue with Fannie Mae. The buyers paid out of pocket for an appraisal. Fannie Mae still countered full value and then some. The home is in ruins, by the way, a big fixer upper. Hole in roof, water everywhere and they still did not care they wanted FULL market value. Declined file completely when buyers walked and now with lawyers. We even went to our politicians for help who pretended to care and spewed Fannie Mae guidelines back at us. We pay all these realtor fees to…</p>
<p>We have had the same issue with Fannie Mae. The buyers paid out of pocket for an appraisal. Fannie Mae still countered full value and then some. The home is in ruins, by the way, a big fixer upper. Hole in roof, water everywhere and they still did not care they wanted FULL market value. Declined file completely when buyers walked and now with lawyers. We even went to our politicians for help who pretended to care and spewed Fannie Mae guidelines back at us. We pay all these realtor fees to get some political clout and that is a joke as well. Please do not guarantee your clients they will get anything even if they do appraisals. You have to make them understand it might not work. It did not for us. </p> I would tend to agree.tag:shortsalesuperstars.com,2013-06-07:3468065:Comment:3180002013-06-07T03:51:01.059ZKevin - Greenville, SChttps://shortsalesuperstars.com/profile/KevinMWillson
<p>I would tend to agree.</p>
<p>I would tend to agree.</p> Love it! Class action suit! …tag:shortsalesuperstars.com,2013-06-07:3468065:Comment:3179362013-06-07T01:07:02.409ZVictoria Frieberghttps://shortsalesuperstars.com/profile/VictoriaFrieberg
<p>Love it! Class action suit! has to be a hungry lawyer out there, or at least one who loves to tilt at windmills!</p>
<p>Love it! Class action suit! has to be a hungry lawyer out there, or at least one who loves to tilt at windmills!</p> Bob did at this forum. They…tag:shortsalesuperstars.com,2013-06-06:3468065:Comment:3177402013-06-06T01:23:51.329ZKevin - Greenville, SChttps://shortsalesuperstars.com/profile/KevinMWillson
<p>Bob did at this forum. They believe they are right more often then wrong.</p>
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<p><a href="http://www.realtor.org/educsessmid.nsf/allpages/13MYRPValueForum" target="_blank">http://www.realtor.org/educsessmid.nsf/allpages/13MYRPValueForum</a></p>
<p><a rel="nofollow" href="http://www.realtor.org/educsessmid.nsf/allpages/13MYRPValueForum" target="_blank">http://www.realtor.org/educsessmid.nsf/sphandout/ValuationForum2013...</a></p>
<p>Bob did at this forum. They believe they are right more often then wrong.</p>
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<p><a href="http://www.realtor.org/educsessmid.nsf/allpages/13MYRPValueForum" target="_blank">http://www.realtor.org/educsessmid.nsf/allpages/13MYRPValueForum</a></p>
<p><a rel="nofollow" href="http://www.realtor.org/educsessmid.nsf/allpages/13MYRPValueForum" target="_blank">http://www.realtor.org/educsessmid.nsf/sphandout/ValuationForum2013...</a></p> I think sellers should be abl…tag:shortsalesuperstars.com,2013-06-05:3468065:Comment:3177262013-06-05T21:38:42.525ZSmittyhttps://shortsalesuperstars.com/profile/Smitty
<p>I think sellers should be able to SUE the servicer or investor denied a sale for a particular price and then it ended up foreclosing and being remarked as an REO for less than the short sale. If all seller could sue in small claims court, Fannie would think twice about these valuations.</p>
<p>I think sellers should be able to SUE the servicer or investor denied a sale for a particular price and then it ended up foreclosing and being remarked as an REO for less than the short sale. If all seller could sue in small claims court, Fannie would think twice about these valuations.</p> The same thing happened to my…tag:shortsalesuperstars.com,2013-06-05:3468065:Comment:3175472013-06-05T18:02:34.326ZK Bernard Stronghttps://shortsalesuperstars.com/profile/KBernardStrong
<p>The same thing happened to my client on a Fannie Mae loan. Property foreclosed even though we had a valid offer on the table. It was declined because the offer was too low. The buyer increased the offer by $12,000 and still the offer was "too low". I asked the servicer to counter so I could take it to the buyer. I was told that just have the buyer write another offer and they would review it at that time. Has anyone had this experience where the servicer does not give a counter offer…</p>
<p>The same thing happened to my client on a Fannie Mae loan. Property foreclosed even though we had a valid offer on the table. It was declined because the offer was too low. The buyer increased the offer by $12,000 and still the offer was "too low". I asked the servicer to counter so I could take it to the buyer. I was told that just have the buyer write another offer and they would review it at that time. Has anyone had this experience where the servicer does not give a counter offer amount for buyer to accept or reject?</p> Thanks Victoria. That is insa…tag:shortsalesuperstars.com,2013-06-05:3468065:Comment:3177142013-06-05T17:09:47.678ZHolly Jessophttps://shortsalesuperstars.com/profile/HollyJessop
<p>Thanks Victoria. That is insane. Kevin, can we get Albert Bryant or Bob Martin or anyone at Fannie Mae to give us some answers.</p>
<p>Thanks Victoria. That is insane. Kevin, can we get Albert Bryant or Bob Martin or anyone at Fannie Mae to give us some answers.</p> Thanks Victoria. That is insa…tag:shortsalesuperstars.com,2013-06-05:3468065:Comment:3177122013-06-05T17:09:18.790ZHolly Jessophttps://shortsalesuperstars.com/profile/HollyJessop
<p>Thanks Victoria. That is insane. Kevin, can we get Albert Bryant or Bob Martin or anyone at Fannie Mae to give us some answers.</p>
<p>Thanks Victoria. That is insane. Kevin, can we get Albert Bryant or Bob Martin or anyone at Fannie Mae to give us some answers.</p> my seller, the buyer did do a…tag:shortsalesuperstars.com,2013-06-05:3468065:Comment:3174452013-06-05T15:38:05.435ZVictoria Frieberghttps://shortsalesuperstars.com/profile/VictoriaFrieberg
<p>my seller, the buyer did do a full out appraisal as his agent and myself had compped the property ad nauseum..there are few comps in our rural area. appraisal matched our opinions. fannie ordered new bpo,..their counteroffer stands..22k above offer and appraisal. buyer 2 walks..I agree, if they are going to foreclose anyway and get our taxpayer money to make them whole, then just quit dragging innocent people in pain through this. sell it via homepath with no appraisal afterwards. …</p>
<p>my seller, the buyer did do a full out appraisal as his agent and myself had compped the property ad nauseum..there are few comps in our rural area. appraisal matched our opinions. fannie ordered new bpo,..their counteroffer stands..22k above offer and appraisal. buyer 2 walks..I agree, if they are going to foreclose anyway and get our taxpayer money to make them whole, then just quit dragging innocent people in pain through this. sell it via homepath with no appraisal afterwards. Record profits in one year for Fannie..what a freakin joke has been played on our taxpayers.</p>