Force Fannie Mae to Act Responsibly!
Posted by Judy Orr on
As a member of the real estate group Short Sale Superstars, I have been made aware that Fannie Mae is not being realistic about the list and sale prices of their short sale properties. I was the listing agent for a Scottsdale for sale that was a short sale. We listed at fair market value according to recent comparable listings. We received a contract and the response from the seller's bank was that they wanted a price that never would have appraised. There was no chance of selling it short with this bank.
There are no guarantees with short sales but it seems like Fannie Mae would rather foreclose with their unrealistic counter-offers. They are countering above BPO's (Broker Price Opinions) they are receiving. Most of the buyers I work with are not…
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I have been published more than the average Scottsdale REALTOR®. A story about one of my domain names was syndicated by The Wall Street Journal online and was all over the Internet. Because of that article, I was interviewed by the Chicago Tribune, The Southtown-Star (who even sent a photographer), and participated on a radio show.
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With money tight right now, as a landlord, you may be tempted to accept a late rent without charging a penalty to the tenant. After all, you are getting your rent money, and doing someone a favor, right? Actually, you may be starting a trend that could end in frustration, anger, and a long expensive legal battle. Here’s how to avoid all of that.
I caught a great "Buy Me" show on HGTV today that was shot in Chicago. It was very interesting because one of the owners was a long-time veteran real estate agent that had her REALTOR® son list the home.
When looking for a new place, there are many variables to take into account when finding your new home. Price, location, the school district, and the neighborhood upkeep are just some of the few things that a prospective buyer is looking out for. If price is a big factor for you, consider downsizing when temporarily relocating.