Fannie Mae owned home -- Negotiator says FM says not to present offers under $100K.On De. 2 I made an $80K offer on a FM-owned home in Delaware listed at $100K. We were told that another lower offer was pending with FM and to wait til that offer was 'done'. It had been made in October for $60K, by an investor interested in 'flipping' the property.The $60K offer was rejected mid Dec. and we thought that my offer had gone to FM but it hadn't. But now we're told by the Negotiator, which gets a 3% fee, that when FM rejected the $60K offer it told the Negotiator emphatically that it didn't want to see any offers under $100K. FM ordered another appraisal, but thatwill probably come in around the previous, and we see that too much work needs to be done to the house to make it worth that range. So the seller agent and the Negotiator just held my offer. Negotiator says that I can order my own appraisal if I want to try to show lower value but that would be expensive because professional inspections would have to be done as well. We've withdrawn our offer but the question that I'm left with is -- can FM refuse to look at an $80K offer on a home listed for $100K? And if it can, shouldn't the seller agent have told us that he was holding my offer on his desk? I don't see any advantage to buyers, when the offer is just being held by an agent or the Negotiator and isn't even presented to FM. And I think that FM isn't getting information that it should have, since my offer was in good faith, based upon what I could see of the condition of the house, etc. Shouldn't my offer be 'telling' FM something about the property that is worth as much or more than a new 'comp' appraisal?December 30 2011 - Dover0YesReport 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.