Comments on: How Fannie Mae HomePath Financing is Ruining the Housing Market!

By: The Round Table - July 20, 2012 Edition - MoneySmartGuides.com

The Round Table - July 20, 2012 Edition - MoneySmartGuides.com — Sun, 23 Mar 2014 08:07:03 +0000

[…] Going Back In Time at Poor To Rich A Day At A Time Does The Cash Method Really Work at 20s Finances How Fannie Mae HomePath Financing Is Ruining The Housing Market at When Life Gives You Lemons Why I’m On The Fence About Using Coupons at Modest Money […]

By: Heathrr

Heathrr — Fri, 24 May 2013 13:11:46 +0000

Here in MI banks are getting 10 to 20% less than what they bought it back for. A lot of these Fannie Mae homes need a lot of work but financing is avalaible to those who qualify. banks do not want the liability nor the responsibility of these homes and they sell within a week here.

By: Carnivals, Mentions, & Weekend Reading #20 | WorkSaveLive

Carnivals, Mentions, & Weekend Reading #20 | WorkSaveLive — Sat, 02 Mar 2013 02:38:33 +0000

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By: T Dooley

T Dooley — Sun, 03 Feb 2013 02:20:33 +0000

I am a realtor in So. Orange County, and I have to concur with the comment regarding Fannie Mae artificially inflating value. I have a signed contract from a seller on a short sale, that the investor is Fannnie Mae. They have done 2 BPO’s (Broker Price Opinion)Original list price at time of the offer submission was 285-295K. Our offer was 280K, after doing research, the going market price is 272-290K for this area. The investor came back an is stating market value is 353K. 4 mos. prior was they said it was 315K and at that time it was valued at 275k. Seller and list agent agree with value, however can not overcome Fannie mae’s value. Any suggestions how to overcome unrealistic inflated values? I hear that Fannie Mae does this to force foreclosure, and then offer the home on thier Homepath.com website. Trying to get someone to purchase it at higher price and offer 3% down at higher payments and mortgage insurance.
Please help shed some light on this very unethical practice. Thanks

By: Carnivals, Mentions, & Weekend Reading #20 — WorkSaveLive

Carnivals, Mentions, & Weekend Reading #20 — WorkSaveLive — Sat, 29 Sep 2012 00:30:13 +0000

[…] How Fannie Mae HomePath Financing is Ruining the Housing Market! by Add Vodka. […]

By: Steve

Steve — Sat, 22 Sep 2012 22:35:40 +0000

The guy that wrote this is a true nutcase. When a bank makes money it creates a safer world for all . Also if they dont sell these properties they will fall to the ground and what will that do for values. Also have you ever offered on a Homepath home? Fannis is darn good at getting more then the actual comp value or market value . The best way to increase values down the road is sell all the foreclosures and then let the market ramp slowly Plus remember a home is to live in not an investment .

By: The Round Table – July 20, 2012 Edition

The Round Table – July 20, 2012 Edition — Fri, 20 Jul 2012 11:24:14 +0000

By: Dominique Brown

Dominique Brown — Fri, 13 Jul 2012 14:59:46 +0000

In reply to Money Bulldog. Gotcha! Any reason why you didn't sell the place earlier or at peak?

By: Dominique Brown

Dominique Brown — Fri, 13 Jul 2012 14:59:20 +0000

In reply to CF. What is a mysterious sealed offer? How would court dates affect you in purchasing a foreclosure?

By: Blog round up for July 13, 2012

Blog round up for July 13, 2012 — Fri, 13 Jul 2012 11:01:09 +0000

[…] How Fannie Mae HomePath Financing is ruining the housing market By Add Vodka. I enjoyed this one – being Canadian, I don’t know much about Fannie Mae and enjoyed learning about it. […]