I've run into a couple of issues with making offers lately. First, I'm being told that I cannot bid on Fannie Mae owned properties without submitting 10% earnest money with my offers. I really don't have that kind of cash laying around and I can't say that I know anyone that does either. Also, I just had an offer for a VA owned property rejected (by the selling agent) because I was not pre-approved by Bank of America even though I provided proof of funds through Coastal Funding. There are several VA homes in my area that I'd like to bid on, but this requirement seems a bit ridiculous. Is anyone else running into the same thing?? Any suggestions are welcome. Thanks!!