Offered on Fannie Mae REO?

Wanted to know if anybody has had experience with a Fannie Mae REO. My wife and I just submitted an offer on a property in Corona, Ca. for $10K below asking. We did ask for 3.5% help with closing costs, because Fannie Mae is offering that incentive to buyers as long as you close before October 31, 2011. The... show more Wanted to know if anybody has had experience with a Fannie Mae REO. My wife and I just submitted an offer on a property in Corona, Ca. for $10K below asking. We did ask for 3.5% help with closing costs, because Fannie Mae is offering that incentive to buyers as long as you close before October 31, 2011. The property was listed at $239,900. Home value is probably somewhere around $228K-$232K. It is in good condition, mostly cosmetic repairs and landscaping needs to be done that we are aware of at this point. Also wondering if anybody has a good estimate for getting an answer from FM on the offer? Thanks!
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