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  • Profile picture for Juan Rodriguez
    Juan RodriguezKeller Williams Realty(800) 916-0366 x10321 listings, Buyer's Agent, Short-Sale, Listing Agent, Relocation
  • Profile picture for Sam & Eliza Othman
    Sam & Eliza OthmanPrudential California Realty(951) 534-58458 listings, Buyer's Agent, Short-Sale, Listing Agent, Relocation
  • Profile picture for LouAnne Ludwig
    LouAnne LudwigWestcoe Realtors Inc.(951) 236-8848Buyer's Agent, Short-Sale, Foreclosure, Listing Agent
  • Profile picture for Connie Ransom
    Connie RansomColdwell Banker Armstrong Propertie(951) 682-0429Buyer's Agent, Short-Sale, Listing Agent
  • Profile picture for Frederick Gordon
    Frederick GordonPrudential California Realty(951) 545-88467 listings, Buyer's Agent, Short-Sale, Foreclosure, Listing Agent

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Magnolia Center Buying a Foreclosure Advice

Question
why is it that Fannie Mae can ask a buyer to pay more than the appraised price of the property?

I made an offer on a property but the house appraised for less. The lender cashed my deposit, then countered ... - 2 Answers