Getting runaround with Fannie Mae property - they keep countering with asking price!

[tigers2007]

What is the name of your state? Michigan

I have been trying to buy my first home for just over a year. Its hard not to look right now since I have no debt, a decent job, and decent credit. I have this property in my radar that has a worthless <700 sq ft house on about 5 acres. Their asking price was 126k and I offered 100k. They counter with 117k and then a few days later they drop the ASKING price to 117k. I counter them back with 102k and they counter back with 117k again. They won't budge on me asking under 13% from their asking price.

What is wrong with this picture? Why are they playing games like this? My realtor's son got rejected for offering 75k CASH for a 80k asking price Fannie Mae owned property a month ago. Are these folks INSANE????

The housing market here is still falling down into hell and won't be bottoming out for a while. Is there any way I can contact Fannie Mae directly - to a human - instead of dealing with their contracted local selling realtor? This guy doesn't care about crap. Dime a dozen attitude and is full of BS.

I lost a house last year after 6 mos. of screwing around because of the bank's seller contractor kept giving us the runaround. I walked away and my buddy bought it after hiring a $175/hr lawyer who put two hours work into it and called the bank directly and ONLY dealt with the bank.

Can I do this with Fannie Mae?


******** Update - They must have read this - they accepted my offer this morning but of course with some stipulations that I use ExpressPath

[HomeGuru]

Originally Posted by tigers2007

What is the name of your state? Michigan

I have been trying to buy my first home for just over a year. Its hard not to look right now since I have no debt, a decent job, and decent credit. I have this property in my radar that has a worthless <700 sq ft house on about 5 acres. Their asking price was 126k and I offered 100k. They counter with 117k and then a few days later they drop the ASKING price to 117k. I counter them back with 102k and they counter back with 117k again. They won't budge on me asking under 13% from their asking price.

What is wrong with this picture? Why are they playing games like this? My realtor's son got rejected for offering 75k CASH for a 80k asking price Fannie Mae owned property a month ago. Are these folks INSANE????

The housing market here is still falling down into hell and won't be bottoming out for a while. Is there any way I can contact Fannie Mae directly - to a human - instead of dealing with their contracted local selling realtor? This guy doesn't care about crap. Dime a dozen attitude and is full of BS.

I lost a house last year after 6 mos. of screwing around because of the bank's seller contractor kept giving us the runaround. I walked away and my buddy bought it after hiring a $175/hr lawyer who put two hours work into it and called the bank directly and ONLY dealt with the bank.

Can I do this with Fannie Mae?


******** Update - They must have read this - they accepted my offer this morning but of course with some stipulations that I use ExpressPath

**A: try finding another property with a better Seller.