Elizabeth Weintraub • Sacramento Short Sale Agent • Land Park

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Fannie Mae Has Implemented a New Appraisal Procedure for Short Sales

fannie mae lip serviceI had a rather astonishing thing happen yesterday when I discovered that although I thought I had my back covered, it was, in fact, not covered. It did not involve clients; it was a different business aspect. That doesn't happen to me very often because by nature I question people's motives, and I look for clues in what they do, not so much in what they say. It's hard to astonish me.

With the exception of the guys with bipolar disorders -- which are not always immediately evident -- I'd say I excel at reading people correctly. I have good intuition, too, which I often rely upon because it doesn't steer me in the wrong direction. If something doesn't feel right, most of the time it is not right. I'm actually very careful about not making mistakes and, if I make a mistake, I own up to it immediately and put into action a plan so it won't happen again. But we can't insulate ourselves from every bad thing that can happen in life or turn around somebody else's agenda when it is in direct opposition to our own. And we can spot lip service when we hear it.

For example, let's take some of those Fannie Mae short sales in Sacramento. We've been struggling with bad value estimates ever since last fall from Fannie Mae. Well, now Fannie Mae has implemented a new procedure. Read more in my professional blog today about Fannie Mae Lip Service and Its Bad Press.

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Elizabeth Weintraub is an author, home buying columnist for About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice. It could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

 

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