Asked by Jenny, Arizona • Tue Jan 27, 2009
I am trying to buy a short sale. We were the first offer in on the house thinking we were good, then find out the realtor would be submitting the first three offers. We are now the highest bidders, but we are FHA and are asking up to 6% of closing costs. Even after the up to 6% we beat the other two conventional loan offers by more than $3000 (Kind of an accidnent that we found out the previous highest offer). We've heard the other two bidders aren't so serious and we are. I know FHA can be strict, but the house seems to be in very good condition. What are our chances of getting our offer accepted with the bank over the other two conventional loan bidders?
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