I am trying to buy a Homepath Home in Florida and got the run around on full price offer and rejection but no formal reason.

We got the house and then didn't get the house in Florida, 418 York Dale Dr. Ruskin, Florida 33570...per article the second worst hit housing area in the United States.

http://finance.yahoo.com/real-estate/article/111848/the-eight-states-running-out-of-homebuyers?mod=realestate-buy
Fannie Mae's Homepath Program sucks.

I just put in full price contract on home in Rusking FL...3 weeks later they came back with 13 page "Addendum." In which it's Section 9, said any items in the home, not listed on original contract should be list in Section 38 here. Otherwise they would not be responsible [words to that effect]. I added the mircrowave, blinds (all windows) garage door opener (1), poly vinyl fencing and ceiling fans and their remotes (3). [Theese were all items still in the home].

The Asset Management Company, under contact to (and per) Fannie Mae, 24/24, refused to accept my offer, because I wrote on the 13 page Addendum.

I called Senator Mikulski's office, the staff said call Fannie Mae, as we don't get involved with contract disputes. I said but isn't Fannie Mae a government agency, you need to investigate them, as something rotten here. Get a lawyer I was told.

I called Fannie Mae, they gave me phone number for "Asset" comapny, 24/24. I called and got phone message system, left message, but 3 days now, never got a reply.

Yesterday, January 20, 2011, my buyer's agent did get call from "second level asset manager at 24/24. My agent sent me text, the second level "Asset" manager, approved it.

A few hours later, he called me back, "FANNIE MAE" declined it, because I wrote the addendum.


I asked my agent if they put it in writing and gave the reason too and what was the name of the official with Fannie Mae, Title, and phone number.

My broker said, "No they will not put anything in writing and I forgot to ask for the name and title of the Fannie Mae offical."

I was unable to obtian any formal i.e., written rejection or names of any of the officials involved.

Hard to believe they turned down full-price contract...even though I was following it's 13 page amendment's instructions. These were all things that could have been listed in original contract. Fannie Mae needs to be investigated. Something rotten in Amsterdam.


Best regards,

Jim 410 725 4299