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Why Are Fannie Mae Short Sale Appraisals So High?

Las Vegas, NV - February 4, 2013 - (RealEstateRama) -- Why is Fannie Mae countering short sale offers so high above market value? For the past few months, short sales with Fannie Mae as the investor are being countered by banks 20 to 30 percent (average) above fair market value. Is this the banks fault? Not necessarily. Banks servicing short sale files with Fannie Mae as the investor must follow the guidelines set forth by Fannie Mae.

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Nevada Short Sale Information – FTC Cracks Down on Loan Modification...

Las Vegas, NV - January 6, 2011 - (RealEstateRama) -- Effective January 31, 2011, The Federal Trade Commission has banned loan modification companies from charging up-front fees for negotiating modifications of residential mortgage loans. According to Eric Witksoki, Chief of the Attorney General’s Bureau of Consumer Protection, and the state consumer advocate, “Money spent on mortgage modification consultants is a bad bet for consumers.” Additionally, Witkoski commented that spending money on loan modification is “worse than some of the odds at the casino tables.”

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BLM PROPOSES TO SELL 754.88 ACRES OF PUBLIC LAND IN CLARK...

The Bureau of Land Management Las Vegas Field Office is seeking public comments on a proposal to sell 40 parcels totaling 754.88 acres of public land in Clark County, Nevada. The competitive sale would be by sealed and oral bidding in accordance with the Southern Nevada Public Land Management Act (SNPLMA). A Notice of Realty Action published in today’s Federal Register opens a 45-day comment period which will close January 8, 2018.