We offered $270 on $250 asking price. They accepted. The house just appraised at $240. Will Fannie Mae lower the sale price?

Asked by calgurl62, Napa, CA Fri Aug 16, 2013

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The Thompson…, Agent, Great Falls, VA
Sat Aug 17, 2013
I assume you had multiple offers on that property. They will probably go back and ask if anyone is willing to pay the difference before considering lowering the price. A Fannie Mae owned property?
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Fred Herman, Agent, Staten Island, NY
Fri Aug 16, 2013
no. fannie mae doesn't determine what price a home owner must sell his/her property.
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