Getting runaround with Fannie Mae property - they keep countering with asking price?
What is the name of your state? Michigan
I have been trying to buy my first home for just over a year.
Its hard not to look right now since I have no debt, a decent job,
and decent credit. I have this property in my radar that has a
worthless <700 sq ft house on about 5 acres. Their asking price
was 126k and I offered 100k. They counter with 117k and then a few
days later they drop the ASKING price to 117k. I counter them back
with 102k and they counter back with 117k again. They won't budge
on me asking under 13% from their asking price.
What is wrong with this picture? Why are they playing games like
this? My realtor's son got rejected for offering 75k CASH for a 80k
asking price Fannie Mae owned property a month ago. Are these folks
The housing market here is still falling down into hell and
won't be bottoming out for a while. Is there any way I can contact
Fannie Mae directly - to a human - instead of dealing with their
contracted local selling realtor? This guy doesn't care about crap.
Dime a dozen attitude and is full of BS.
I lost a house last year after 6 mos. of screwing around because
of the bank's seller contractor kept giving us the runaround. I
walked away and my buddy bought it after hiring a $175/hr lawyer
who put two hours work into it and called the bank directly and
ONLY dealt with the bank.
Can I do this with Fannie Mae?
******** Update - They must have read this - they accepted my
offer this morning but of course with some stipulations that I use
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