Asked by David Rosen, New York, NY • Tue Sep 21, 2010
If a lender has to approve a short sale and another lender has to lend for a buyer to BUY a short sale - and in many cases the lender is Fannie Mae or Freddie Mac or FHA (50% are Feddie / Fannie, not sure what portion is FHA) AND the US Taxpayer OWNS all these entities -
Then WHY are HAFA deals routinely denied?
and WHY are there discrepancies in Appraised values of homes (maximum amount buyer's mortgagee will lend) and BPO price (minimum amount Short Sale Lender will accept) ?
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