GMAC Fannie Mae using Fannie Mae SS Assist - Kazork.com
Anyone submitted a short sale to GMAC and receive call from Kazork as your point of contact? We have been on market a couple of weeks - no offer. BPO agent was sent last week - get a call today
from a rep of this company - valuation has been set near payoff and unless we can get an offer at this price by Monday - Foreclosure is set to proceed on 9/4/12 period. No price reduction is allowed -
should I go directly to GMAC and ask for permission to reduce. We are not going to get an offer at
this price....thank you in advance for any assistance you can offer.
Replies to This Discussion
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Permalink Reply by Kevin - Greenville, SC on
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'should I go directly to GMAC and ask for permission to reduce' - No. List to sell.
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Permalink Reply by Patsy Craven on
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Rep from Kazork tells me Fannie set this price and must net X dollar or no deal. Based on their numbers and not being allowed to reduce without their approval, these sellers are backed in a corner.
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Mute point if you don't have a Buyer. Find a Buyer, work the negotiation.
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Permalink Reply by Celeste ODea on
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Can't you dispute their value like we dispute HUDs, appraisers, and BPO Agents? I would quickly put a package together and find someone in Fannie Mae to send it to. Doesn't hurt; all they can say is no and then you can say you tried.
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Will give it a try, like you stated - doesn't hurt to try. Just cannot believe no more than they owe that this
is their only alternative. Basically asking for payoff.......doesn't sound like a HAFA short sale to me. This
rep talked more like a "third party collections agency".
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Have you talked to anyone at Fannie Mae?
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