Asked by Joel Dominie, Fresno, CA • Tue Oct 6, 2009
I'm a first time home-buyer and we've placed an offer on an REO house. We placed an offer $27,000 over asking. But today (the day we asked for the bank to make a decision), the bank told us they were already in negotiations with a better offer. Can we make a better offer? (I'm approved for another $15,000)
This house was perfect, and it was the one we really wanted. I want to explore every avenue.
I guess I should say I'm trying to get the house through an FHA loan. The house was listed at $113,000 and we offered $140,000.
Thanks for your help.
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