BOA response time and offer on foreclosed condo?Hi, I'm new to the Zillow forums. I have a question about a foreclosed condominium I made an offer on last Friday. The condo's listing price is $13,900. Don't let the price fool you -- the condo is absolutely beautiful, just needs minimum cosmetic updates and their are no liens or back taxes/HOA fees to pay. Because I like it so much, I offered $16,000. My real estate agent informed me that since I would be an owner occupant, am paying in cash and offered above listing price, it is a very aggressive offer. However, two offers have been placed since then and because the condo is so nice, I bet it will increase in the coming days. I have two questions: Is the bid appealing? I hear people try to lowball on foreclosures, so part of me is hoping the other offers are way lower than mine/from an investor/someone looking to finance. Also, how long does it take BOA (who owns the condo) to respond? My agent put a closing date of Oct. 31, 2012 on my offer. Please forgive me if I'm all over the place, and thank you in advance to those who answer.October 09 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.