Fannie Mae up close and personal, final round

Yesterday, we heard that Fannie Mae had accepted our offer and then changed their mind. Their plan is to auction the property. This place needs a new septic system. We had added the price of that into our offer with the stipulation that they would be responsible for installing it and getting the city to approve it. We have surmised that they didn't want that responsibility. We are unclear what they are thinking since they tried auctioning it before, but we have heard that they have no intention of exposing the septic problem. This is clearly unethical, and I think illegal and it's happening in Southern Oregon. Another surprise when we heard they refused our offer is that the realtors representing us and the bank were only going to receive 1% each. That is 'unjust.' There is a lot of work they have to put in to handle an REO. Our realtor is going to write to her senator, representative, Board of Realtors, and Fannie Mae. I have decided to write to our two senators, representative, and Fannie Mae. Any information I receive I will share here. I wish all those who are attempting to buy an REO the best experience possible.

One point that we are all in agreement on is that we learned a lot about the process that comprises at least a 1/3 of the real estate market. and how buyer unfriendly Fannie Mae is.

One final point, I voted absentee ballot yesterday. Please vote.