re: Fannie Mae discount for 60 day old properties?

[Mike H.]

Anybody have a good rule of thumb for a fannie mae discount (Homepath.com) property if its been on the site over 60 days and is showing as price reduced?

I've seen anything from 82% of list to 90% of list being possible with everyone stating that fannie mae treats every property differently. Just wondering if anybody has had a longer track record with the homepath deals and has a sense of their patterns for these 60 day listings and over ?

Would be much appreciated.....

[Patricia Franciulli]

Fannie mae is overpricing their homes. Forget about discount with them because they are trying to increase their stock price so the government do not fire them. They have the most expensive property for sale. They also love to send it to auction and have a high open bid then buy it as a REO then finance with their homepath BS finance where they do not have appraisal with high prices.. Not a joke .. Those guys are creating another 2007 / 2008 home crash for the future..