The bank let us walk over a $3,000 bill, which caused them to lose $53,520. On the house was sold to another buyer for $133,480, which is a $53,520 loss. We told them multiple times that because of the repairs and that they would not negotiate with the house price they would not find another buyer whiling to pay our offer price. After being involved in the candlewood house for over 2 months working every day to get the repairs in line so we could close the bank less us walk away. We showed them the other house less and a mile away that we were going to go buy for $215,000. The bank refused to pay and we said the house is not worth $227,000.
![fannie mae foreclosures since september 2008 fannie mae foreclosures since september 2008](https://www.sequim-real-estate-blog.com/wp-content/uploads/2014/06/foreclosures.jpg)
We agreed to pay all the repairs except the mold in the basement which cost $3,000. We stated that after the inspection the repairs doubled and we were over budget. We asked multiple times for the seller to cover a few of the costs (rotting wood surrounding the upstairs windows, broken garage door, mold in basement) the bank was unwilling to help with the repairs. After 2 months of getting every repair company and estimate lined up which took a lot of time the total repair bill for the house was over $40,000.
![fannie mae foreclosures since september 2008 fannie mae foreclosures since september 2008](http://si.wsj.net/public/resources/MWimages/MW-CO202_Fannie_MG_20140723141815.jpg)
After putting in multiple offers for the house the seller was not willing to negotiate and we settled on a price of $187,000. My wife and I attempted to purchase 1438 Candlewood Dr, Crystal Lake, IL 60014 in September 2011 when it was bank owned by Fannie Mae. I am writing this as a formal complaint against Fannie Mae, Homepath, and the Tanis Group LLC.