Your question is normal and JH had a very accurate answer.

So the trick, IMHO, is to come up with an accurate selling price and put that into the 70% forumla.

This program has helped keep mortgages rates low, or more accurately artificially low.

They may think you don't know what you're doing and either didn't accurately estimate the value of the house or repairs or that they will be able to get a better offer from someone who has experience and may think the property is worth more.

Interested in a property listed at 260K (relisted 100 days ago and description states 75k price reduction- but not sure if this is accurate) According to title Wells Fargo has owned since Oct 2008can't find trustee record so don't know how much wells put out for it when foreclosedLast owner paid 310 in 2006Its been shown A LOT (millions of cards on kitchen counter) but has been sitting for a long time (don't know total dom- but most likely 12-16 months) This is most likely due to a monster gravity heat system.

Find recent similiar homes that have sold nearby to get a more accurate value.

My question is is the property tax record's fair market value 2009 is accurate?

It might be more accurate to say the government is printing "debt" (selling treasury bonds) rather than printing "money".

There are not enough details in your post to answer it accurately.

My primary concern is whether the figures are accurate.