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Updated about 9 years ago,
I!ve been had!
A question for you! Does this smell like a fish market? Through my broker agent, I placed a cash bid on a FNMA property. Unknowingly, another investor placed a cash bid on the same day. Neither bid was accepted. My agent called to tell me my bid was not accepted. OK. The following day he called me to tell me the property had just sold that day! He also informed me, they accepted $2500.00 less than my bid! We were both pissed, to say the least. When I questioned FNMA about possible fraud, all I got was beating around the bush. The prop. went to a flipper with a bad rep for shady deals. Do you think I have any recourse? Should I just shut and live with it?