Posted on Jan 11, 2013 in Roseville and Sacramento Short Sale FAQs

Hi, this is Mark Peek with Keller Williams Real Estate, your Roseville and Sacramento short sale specialist. I want to talk to you today about a recent Greentree short sale success. This case Greentree was actually servicing for a lien in first position. Typically when they are servicing for that, the investor is Fannie Mae. One thing that you may have heard about recently, Fannie Mae has been really aggressive on their values and actually they are asking a lot more sometimes than market value. So one of the key things in order to get a short sale approved with Greentree, it is really critical to make sure your valuation is accurate. If it isn’t, then you have to take certain steps in order to make sure that Fannie Mae is not price gouging and causing you as a borrower to go into foreclosure. So we got that one approved and a proper valuation on it. It is absolutely critical and absolutely key, if you do not have that, then Fannie Mae will not agree to approve the short sale. Especially if you do not have the value or the minimum net proceeds that they are looking for.

Again, I am Mark Peek with Keller Williams, your Roseville and Sacramento short sale specialist and I am here to help. So if Fannie Mae owns your loan and you have some questions, give me a call today. I can also help you if you have some other questions about short sales in general. I would be happy to talk with you about it. We can look at your situation and see if a short sale is right for you.

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