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Buying foreclosure house from fannie mae?

I make an offer on a house for $149K plus the seller pay for closing cost, got a counter offer back asking full price and they only pay 6K toward closing. I then counter back as 152K and later receive an email from my realtor state they accept the offer and want me to sign some paper. However when I receive the paper it didn't the price that I offer it a full price. Call my realtor back and she call the listing agent , and the listing agent said she was working on so many file and thought that the price I offer. she has to call Fannie mae and they now decline the offer. The house only been in market for 1 weeks, no other show and no offer yet( as my realtor told me) . Now what I need to do should I wait or accept offer ( it a good deal for property but I still want a bargain, since I have to put more money in the house to fix and change a few things). Please tell me anythere thing I can do since the listing agent make a mistake. Thank alll The listing price is $154900, and my 1st offer was 149K, then I go up to 152K. Call my realtor and let know that I wanted to counter offer she then call the listing agent to let the seller know. There is not misunderstand between me and my realtor, the problem is between my realtor and the listing agent of the house.

Public Comments

  1. You got out of the contract you signed? Without losing Earnest money? Be thrilled that your agent pulled that off. Your agent should be able to guide you on what you should do with the house. You've forgotten to tell us what the listing price is, so we can't even guess as to why they aren't accepting it. It's probably going to come down to a personal decision. Do you want to risk losing the house over the difference in offers? Or do you want to come up in price and have the house? Is there a language barrier with between you and your agent that possibly led to the confusion? If so, then this will need to be addressed to prevent future problems. Don't get me wrong, your English is very good for a second language, but I know that accents, misinterpretations, and assumptions can cause problems in transactions.
  2. You are going to have to decide what is important to you. You are $2,900 apart. Do you want to risk losing the house over $2,900? OK, then wait them out. If you don't, you are going to have to pay the price. The short amount of time on the market is going to work against you here and that is why the seller is not budging.
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