Asked by Genny, Westland, MI • Fri Jul 22, 2011
Hi, I have been renting a home that went up for sale, on a short sale. I bid on the house was accepted and had all my paper work in order, then at the last hour the underwriters didn't get the job done and the house went into forclosure. That was a month ago. Now I am using my current lease leasing from Fannie Mae. The house went back for sale and I bid on it and again my bid was accepted. I will sign the papers tomorrow. My question is do I still have to pay my lease to Fannie Mae? Can they renig on this deal if I don't? The house is projected to close on Sept 16. They can't evict me at this point can they? If they already accepted my offer? I am trying to be sure to have enough funds for closing. Thank you in advance.
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