Anita S Zahn's Blog – September 2012 Archive (1)

Help! Fannie Mae wants more than appraised value.

Any input is much appreciated.

I have a Green Tree SS (yuck). Green Tree has been difficult with this file. The home was originally a mobile reconstructed to look like a home.   The property appraised value is $72,000.  I spoke to the agent who did the BPO and it came in at $78,000.  The offer is $80,000 and Fannie Mae needs to net $86,000 which means the buyers offer needs to be approx $96,000.  This will never appraise for $96,000.  Have any of you had to deal with Fannie Mae…

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Added by Anita S Zahn on September 21, 2012 at 4:50am — 1 Comment

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