But listing agents who work on Fannie Mae short sales know when the home is overpriced because Fannie Mae asks too much. For a long time, there wasn't much that could be done but to let the home go to foreclosure and pop back up as a HomePath sale. However, now an agent can request a review. If the price review is still abnormal and out-of-line, a short sale agent can go to Home Path short sales on the web and escalate.
More Articles by Elizabeth Weintraub:
- Short Sale Offer Tips
- Tips for a Bank of America Cooperative Short Sale
- How to Do a Fannie Mae HAFA Short Sale
Technorati tag: Fannie Mae Appraisal Issue
At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.