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

Help the community by answering this question:

+ web reference
Web reference:

Answers

2
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?
0 votes
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.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more