That is SO not fair. This is what should happen in my imaginary world:
Citibank: We heard that you offered $65k to Fannie Mae, therefore, we are going to offer the house to you for $49,900 if you would like it.
Me: Oh gee, how nice of you to think of me. Do you think you could install a water heater so that I can get a conventional loan?
Citibank: Of course! That would be simple and easy and we want to get these houses off of our books and occupied by great people like you!
Me: Thank you, you are too kind.
It could happen, right?