Comments on: Nationalizing Freddie Mac And Fannie Mae Is A Good Idea http://hispanicpundit.com/2008/09/08/nationalizing-freddie-mac-and-fannie-mae-is-a-good-idea/ Thu, 24 May 2012 18:18:15 +0000 http://wordpress.org/?v=2.3.2 By: Sandy http://hispanicpundit.com/2008/09/08/nationalizing-freddie-mac-and-fannie-mae-is-a-good-idea/#comment-209462 Sandy Sat, 06 Jun 2009 12:10:16 +0000 http://hispanicpundit.com/2008/09/08/nationalizing-freddie-mac-and-fannie-mae-is-a-good-idea/#comment-209462 In response to Diane The problem with these mega corporations is that they really don't care about reality, they care about protecting their butts. So, no one is able to make a decision, nor do they care to...the bottom line is they really don't care. In response to Diane

The problem with these mega corporations is that they really don’t care about reality, they care about protecting their butts. So, no one is able to make a decision, nor do they care to…the bottom line is they really don’t care.

]]> By: Diane http://hispanicpundit.com/2008/09/08/nationalizing-freddie-mac-and-fannie-mae-is-a-good-idea/#comment-206509 Diane Thu, 07 May 2009 17:35:36 +0000 http://hispanicpundit.com/2008/09/08/nationalizing-freddie-mac-and-fannie-mae-is-a-good-idea/#comment-206509 Try this on for size. We were trying to get a contract on a foreclosure that is owned by Fannie Mae. The asking price for the home was $290,000. The home had no appliances, holes in the walls, exposed wiring, etc. We fell in love with the home and most of the things wrong we could repair ourselves. So we made some offers on the home. Our final offer was $278,500. Well, they declined all of our offers wanting $290,000 for the home. (all of this took place over the last few weeks - April 2009). I went and looked to see if the home is still up for sale (we are under contract on another home now) and they are asking $268,900 for the home! This is almost $10,000 less than our last offer. We were already pre approved for more than what we were offering on the home, but Fannie Mae obviously has some kind of problem on accepting offers on this particular home. It has been on the market for almost 2 years and they decline offers on the home but then turn around and drop the homes price to below what the last counter offer was. Can you say discrimination! We are white middle class Military family. Why would Fannie Mae decline an offer of $278,500 and then turn around and lower the price to $268,900??? Kind of makes you wonder how many other families they have done this to just to keep homes on their books. No wonder they needed a Federal Bailout! To top this off I have been trying to contact Fannie Mae to find out the reason behind this but of course you never get to speak to a representative and they NEVER return phone calls! Something is obviously very fishy with Fannie Mae. Maybe the government needs to take an even closer look! Try this on for size. We were trying to get a contract on a foreclosure that is owned by Fannie Mae. The asking price for the home was $290,000. The home had no appliances, holes in the walls, exposed wiring, etc. We fell in love with the home and most of the things wrong we could repair ourselves. So we made some offers on the home. Our final offer was $278,500. Well, they declined all of our offers wanting $290,000 for the home. (all of this took place over the last few weeks - April 2009). I went and looked to see if the home is still up for sale (we are under contract on another home now) and they are asking $268,900 for the home! This is almost $10,000 less than our last offer. We were already pre approved for more than what we were offering on the home, but Fannie Mae obviously has some kind of problem on accepting offers on this particular home. It has been on the market for almost 2 years and they decline offers on the home but then turn around and drop the homes price to below what the last counter offer was. Can you say discrimination! We are white middle class Military family. Why would Fannie Mae decline an offer of $278,500 and then turn around and lower the price to $268,900??? Kind of makes you wonder how many other families they have done this to just to keep homes on their books. No wonder they needed a Federal Bailout! To top this off I have been trying to contact Fannie Mae to find out the reason behind this but of course you never get to speak to a representative and they NEVER return phone calls! Something is obviously very fishy with Fannie Mae. Maybe the government needs to take an even closer look!

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