Fannie mae foreclosures market value forum

And these houses stay on the market for months. In our area (Tampa Bay) I see some houses being overpriced big time. I wasn't tracking FM houses long enough to say if listed price was the price houses were sold for. By the way, my realtor told me it's not a big deal to buy vacant house and acted suprised when I asked about possible mold.

The reason I wrote this is for people not familiar with possible issues to understand what they are getting with 'As Is' houses. No wonder so many people just walked away from their homes and FM just picked it, covered issues (most houses I was looking at were painted in and our and carpet were replaced, so houses looked move in ready) Remember, if home owner never hired an engineering company for sink hole/settlement evoluation, he/she doesn't have to disclose their possible concerns. Again, avarage buyer as well as avarage inspector will never notice these damages since it was quickly fixed and covered. Worse cases I saw were some houses with sink hole damages without any background info on those issues.

I assume avarage buyer thinks it's not a big deal. I understand why buyers are looking at Fannie Mae homes (low inventory), I don't understand why some buyers would offer more then house costs.Д©9% of Fannie Mae houses I looked at (I am in FL) have been vacant for YEARS - with all utilities turned off.

No wander Fannie Mae would love to finance their houses for people who overpaying. Taking another loan for 'renovation' + factoring % for 30 years - it's a black hole in my openion.

Fannie mae foreclosures market value forum