(Closed) Buying first house; Any experience with Fannie Mae?

posted 6 years ago in Home
Post # 3
1137 posts
Bumble bee
  • Wedding: September 2010

Since it’s a foreclosure and not a short sale, you should hear back fairly quickly. Your offer sounds fair, but it is so difficult to predict what the lending companies are going to accept. If they counter at the same price but with you paying the closing, are you prepared to accept? I think that would probably be the most likely scenario if they don’t accept your offer outright.

It sounds like a wonderful house and like it’s meant to be. Good luck!

Post # 5
161 posts
Blushing bee
  • Wedding: October 2011

If you get this many chance to get the house I think it’s destiny:) like @CanAmBride: said, if it’s a foreclosure it should work just like a regular person-to-person sale time wise.  I would guess a week or two to have the offer accepted max.

Good luck!!:)

Post # 8
2522 posts
Sugar bee
  • Wedding: November 2013

@JessicaAlecia: I’d walk away.  This happened to my father once with a realtor and the house ended up sitting abandoned for some time. 

If you’re determined, call the bank directly and say that you’re experiencing difficulty with the listing realtor.

Post # 10
772 posts
Busy bee
  • Wedding: December 2011

so what happened?  

Post # 11
1280 posts
Bumble bee
  • Wedding: January 2012

So what happened??? You have us in suspense….

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