Tony Morales's Blog – November 2013 Archive (1)

Fannie Mae Countering above their own values

If you are in a real estate market that is going strong and values are increasing then this applies to you. My reliable sources have informed me that Fannie Mae will counter your offer above what their BPO or appraisal came in at.

As of November 1, 2013 they are instructing servicers to submit  all offers to them where the net proceeds are less than what they have required They are stating that they want the sales price to be inline with how their REO's are handled.

They are…

Continue

Added by Tony Morales on November 1, 2013 at 9:00am — No Comments

Members

© 2024   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************