Fannie Mae Foreclosure QuestionRecently a foreclosure came on the market asking $107,800. Fannie mae is the seller. We were pre approved for an FHA loan for $100,000 and since fha is 3.5% down we had extra $ for closing and such because we have $11,000-12,000 to put down total and for closing,etc. so lets say we have $111,000 total.Our lender said $106,000 is max we could offer with seller paying 3% closing costs. We put in an offer of $105,000 with seller paying 3% closing costs. The comps around the neighborhood show same house sold for $85,000-$100,000 so I kind of think its a bit high, anyways so we placed our offer yesterday and since they cant review offers until 72 hours after its been listed and today is that day and its saturday then it will be reviewed monday. Well the listing agent said there was one other offer but it was not going to be presented until monday. Do you think that we put in a good offer? What is the history of fannie mae foreclosure sells?September 08 2012 - North Valleys0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.