Does "Fannie Mae" or "Freddie Mac" "overpay" for mortgages? We're fairly certain they only accept those of "fair market value".
"Overpriced" homes or residences have no business being backed by the "perceived government". Backward or not, it's debatable.
What constitutes a "fair" value?
We vote for one based on square footage alone. Everything else is "filler" or "icing".
Allegedly.
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