Fannie Mae And Freddie Mac Values

Starting November 2012 Freddie Mac and Fannie Mae have begun their own evaluations of the BPO’s and appraisals that have been completed. Prior to this the mortgage servicers were reviewing the values for these investors. We have seen in the past month that these investors are requesting to NET a minimum of 85% of the value. Fannie Mae and Freddie Mac values are coming back at an all time high. Lately we have had many counters from these investors which agent’s and buyer’s alike feel are too high.

It’s important to know that the counter’s do not have to be met, but if an offer is submitted to the investor for review that is below the minimum NET being requested it runs the risk of being declined and having the file closed out. This could cause a serious delay in the processing of the short sale. Always review the options of a placing a value dispute or completing an appraisal if you feel the counter is too high. The last thing you want is to have a file closed out with a foreclosure sale date looming around the corner.

For assistance in processing a short sale or if you have any questions please fill out the form below.

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