Home Buying in 48309>Question Details

Rehan Mallick, Home Buyer in Rochester Hills, MI

i have recently won a bid by offering more than the asking price on a foreclosure house by Fannie Mae. The

Asked by Rehan Mallick, Rochester Hills, MI Tue Mar 24, 2009

inspection shows immediate roof and window repairs. can i go back and ask Fannie Mae to reduce the purchase to at least to their asking price. I offered three thousand more than what they were asking for, primarily because i loved the location. I am working through a real state agent.

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One other thing to keep in mind is that if you are getting a mortgage your lender may not approve the mortgage if there are health or safety hazards...
0 votes Thank Flag Link Sun Mar 29, 2009
I agree with Brian. You can ask, but there are no guarantees they will do anything at all. Decide what you want to do if they don't give you the money.
Web Reference: http://miOaklandCounty.com
0 votes Thank Flag Link Tue Mar 24, 2009
Maureen Fran…, Real Estate Pro in Birmingham, MI
You need to ask this of your agent...pronto. The inspection is an opportunity to look deeper at the home than you can do during the showing you had with your agent. If you have an issue with the home normally asking for an adjustment to the price is acceptable. It may be rejected by the bank but you never know unless you ask.
Web Reference: http://contact4homes.com
0 votes Thank Flag Link Tue Mar 24, 2009
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