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Ryan Branden…, Real Estate Pro in Boca Raton, FL

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

Asked by Ryan Brandenburger, Boca Raton, FL Fri May 16, 2008

due to the reduction?

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4
I read an Fannie Mae issued statement it's in ohio too! Didn't know this. Good Question!!
0 votes Thank Flag Link Tue May 20, 2008
Is that for Arizona as well? If so that would be great.
Web Reference: http://getprequalified.com
0 votes Thank Flag Link Mon May 19, 2008
They are still doing reductions here in California.
0 votes Thank Flag Link Fri May 16, 2008
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
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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
0 votes Thank Flag Link Fri May 16, 2008
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