After submitting a contract that has been accepted by the homeowner, listing agents may receive a counter offer from Fannie Mae. During the negotiation, Fannie Mae may revise offer terms including sales price, closing costs, closing date, and other terms. During the negotiation process, payment(s) to subordinate lien holders and/or private mortgage insurers (if those parties have a stake in the property) will also be considered.
In addition, the mortgage servicer will determine if it is necessary to request a contribution from your client and how to structure an appropriate contribution arrangement. Once all required information has been reviewed, you will receive a final written decision on your submitted offer from the mortgage servicer.
IT IS ILLEGAL TO DISCRIMINATE AGAINST any person because of race, color, religion, sex, handicap, familial status, (having one or more children), or national origin.
Anyone who feels he or she has been discriminated against should send a complaint to: U.S. Department of Housing and Urban Development, Assistant Secretary for Fair Housing and Equal Opportunity, Washington, D.C. 20410.