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Fannie Mae no longer has 5% value reductions in decling markets!! This is great news! Has anyone been limited

due to the reduction?
Fri May 16 2008, 08:30 - 33301 - Home Buying - 4 answers
 
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Ryan
Real Estate Pro
in Ft Lauderdale...
Ryan, Real Estate Pro in Ft Lauderdale... in Ft Lauderdale...
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Brent Bester was FIRST TO ANSWER
I read an Fannie Mae issued statement it's in ohio too! Didn't know this. Good Question!!

Tue May 20 2008, 15:50
Web Reference: http://www.yourusb.com/bbester/
 
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Is that for Arizona as well? If so that would be great.

Mon May 19 2008, 14:00
Web Reference: http://getprequalified.com
 
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They are still doing reductions here in California.

Fri May 16 2008, 21:38
 
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FIRST ANSWER
Not myself, but I havent been in this situation recently. I've realized though the so called "declining markets" have been changing frequently through banks and other evaluators? You?

At one point in time some of the prime places around where I lived which is an excellent area were considered declining markets by banks and evaluation companies! I was shocked....that is great news though...... an appraisal is an opinion at the end of the day.

Brent Bester
Mortgage Professional
614-622-8916
bbester@usavingsbank.com

Fri May 16 2008, 19:23
Web Reference: http://www.yourusb.com/bbester/
 
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Ryan, Real Estate Pro in Ft Lauderdale
Im looiking for a few good realtors to do a joint marketing campaign in Broward county. I will take care of
Answered Mon May 12 2008, 09:55 by Ryan in 33301
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