10-12-2012 07:52 PM
not sure how this will work out for us. The listing agent is working on getting our offer in front of Fannie Mae however he said that they have already turned down an offer of $185k so they will probably not be receptive to ours and allow the home to go through with the auction. The highest bid right now is $90k which is still lower than our offer and the auction ends sunday. In the meantime I think we will go to some open houses and go back to another home we were interested in.
10-16-2012 07:55 PM
10-23-2012 11:04 PM
Just realized you guys were waiting.....as itturned out, Fannie Mae never saw our offer because the listing agent s contract expired. We watched that auction all weekend and the highest bid was $162k which Fannie Mae did not accept. we were willing to offer $172k but there was no way to get an offer on the table. They will continue to auction the house until it sells I guess. In the meantime we found another home for $185k with lower taxes in a great school district. We offered full asking price with 6%sellers assist today and our realtor said the listing agent was excited!!! We shall see.......
Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.