With that I told my uncle I would be comfortable accepting the $23,000 price Fannie Mae offered if they don't accept my offer of $22,500.
Current Goal: Automate Savings and Mortgage Paydown
1) Extra $1,100/mo. to mortgage
2) $1,000/mo. to short-term savings
3) $400/mo. to investing
Previous Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!
January 1, 2019: $59,592
August 11, 2020: PAID!
Wednesday, August 10
I haven't heard back from Fannie Mae about whether they accepted my counter offer, but I did receive a copy of the wood infestation report. Strangely, even though the listing agent said the house was eaten up by termites, the report says there is no infestation and no evidence of prior infestations. My uncle who is my agent said it may be the listing agent was trying to scare me off because he has someone in mind to sell the house to.