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Maine Real Estate Q&A Discussion Forum

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Jack Deer
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Back on Market. Fannie Mae Offer

Jack Deer
Posted Jul 28 2020, 07:34

This about a Fannie Mae property that was listed for $58,900, then was listed on Auction.com. The reserve was met at $48,000.

The property was auctioned off for $52,000.

Then it was listed 'Back on Market' for $58,900.

Do you think that the bank would accept an offer equal to the reserve price ($48,000)?

Thank you all.

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