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Updated about 5 years ago on . Most recent reply

William Coet's profile image
William Coet's profile image
William Coet
  • from Lititz, Pennsylvania
  • Member since May 7, 2013
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William Coet's profile image
William Coet's profile image
William Coet
  • from Lititz, Pennsylvania
  • Member since May 7, 2013
Connect
William Coet
  • Lititz, PA
268
Votes |
578
Posts
Foreclosures

Negotiating With Fannie Mae After Post-Offer Inspection

William Coet
  • Lititz, PA
Posted

Fannie Mae allows a 10 day inspection period after they have accepted the offer and an earnest money deposit has been provided.  Can anybody explain if the price can be negotiated if problems are found with the property that weren't expected?  If so, how can the price be negotiated?

Thanks!

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William Coet's profile image
William Coet's profile image
William Coet
  • from Lititz, Pennsylvania
  • Member since May 7, 2013
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User Stats

578
Posts
268
Votes
William Coet's profile image
William Coet's profile image
William Coet
  • from Lititz, Pennsylvania
  • Member since May 7, 2013
Connect
William Coet
  • Lititz, PA
268
Votes |
578
Posts
William Coet
  • Lititz, PA
Replied

We provided a list of costs we discovered during the inspection and asked for a price reduction and they made a small adjustment.  Better than nothing I suppose!

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