What are the chances Fannie Mae will lower the selling price to the appraised value?I have an executed contract on a Fannie Mae REO and just received the appraisal back for 5K less than the 125K we agreed on. I am in the process of obtaining a conventional loan (not the HomePath loan) and cannot get my financing unless they lower the selling price to 120K. My attorney has requested this but the are taking forever to respond. Has anyone seen this before? What do you think my chances look like?April 21 2012 - Streamwood00YesReport 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.