Fannie Mae Reo offer in "hold" status

Asked by Nsmom20, Ohio City, Cleveland, OH Mon Jun 29, 2009

We submtted an offer on a Fannie Mae Reo property and our buyer agent was told by the listing agent that Fannie Mae has it in "Hold" status. Can anyone tell me what that means? The house was priced 10,000 below what the bank paid for it so I am guessing that a lot of offers were received.

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Catangel, Home Buyer, Los Angeles, CA
Wed Apr 28, 2010
what was your outcome? We got the same thing. Hopefully, your deal went through.
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