Learned about Fannie Mae too late

[Elizabeth Pharis]

Unfortunately we didn't fall under the category of "deal fell through at the last minute."  Ours went through.   Long story short, we found a house on Coldwell Banker.  Drove 4 hours to look at the property....twice.  Put in a low ball offer, it was sent back, made another, it was accepted.  Drove back again to give a check for earnest money.  It was a major fixer upper so we immediately started with contractors bids, no one could find the address.  I emailed our agent and asked to make sure we're buying the right house on the right property.  She stated it was a 911 address change but, assured me, "they did extensive research through the appraisal district" and it was correct.  Sent a wire transfer to the title company and paid all cash for the house.  Went to closing, got the keys, and started the repairs, another 60k later in repairs, and we find out Fannie Mae never forclosed on the property.  They took payment on a house they never owned.  Now everyone is playing the "not it" game.