Met Reserve and Won Auction and Bank Decided Not to Sell

[William Coet]

We bid on a property on auction dot com. We won the auction and met the reserve.  At the last minute the seller (fannie mae) decided not to sell.  The auction dot com representative said that the status of the house changed from occupied to vacant, and she thinks this is why the bank decided not to sell.  She said they may relist it.

Is there anything we can do to convince them to follow through with the sale?  We had already provided earnest money deposit and proof of funds.

Thank you