Posted by River City on March 22, 2007 at 13:56:24:
Fannie is looking at this like it is not an arms length transaction. It could appear to them that you and your son planned the whole transaction so as to purchase the property at a lower price. And, yes, I believe they have the right to do this.
refusal to sell - Posted by James
Posted by James on March 22, 2007 at 12:22:39:
We agreed to the asking price with the realator handling a home foreclosed on our son.Fannie Mae now refuses to sell to us,unless we pay what was owed on the home at bancruptcy.Can they dictate a higher price to us,just because we are related?Is this legal?
Re: refusal to sell - Posted by DJ-nyc
Posted by DJ-nyc on March 22, 2007 at 14:51:47:
Why did you wait so late to help your child? Just curious…