Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

36
Posts
5
Votes
Herlando Y.
  • Investor
  • South River, NJ
5
Votes |
36
Posts

Accepted Fannie Mae Counter Offer... Then multiple bids

Herlando Y.
  • Investor
  • South River, NJ
Posted

I will greatly appreciate if someone can shed some light on this.

I submitted an offer to the Fannie Mae Home path over asking price with all the proper paperwork. They counter asking for additional paperwork which I already provided. I provided the paper work to the Fannie Mae and the website stated they accepted the counteroffer. I did not hear back for 2 days and they I have to call to find out there was now multiple offers on the house. The offers came from the listing agent. 

Is there fraud going on? Was I already in contract once I accepted the counter and the website stated it was accepted? This is in New Jersey.

Thanks for your help.

Most Popular Reply

User Stats

23,418
Posts
13,508
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

It's not legally accepted until you get a signed contract, not just an acknowledgment on the web site.

Loading replies...