Bank not responding to REO highest and best offerI placed a bid on an REO owned by PNC bank. There were over 10 offers. They did a 24 hour call for highest and best, I increased my offer some, and the next day I was told they accepted another offer. The listing then was changed to "contingent-other". Last week my agent called and was notified the bank was taking new offers. Apparently that sale did not work out. I made another offer (slightly higher) within the 24 hour time frame specified. The next day they did a multiple offer-call for highest and best due in 24 hours. I did not raise again, but my offer is in there and has been for 6 days. On the first go round, the bank chose an offer within 24 hours. It has now been 3 business days since the last highest and best deadline. NO word. The offers had to be submitted to a third party website and the listing agent has not returned my agents calls. I am concerned that I may be missing another opportunity while I wait this out, I am in a really hot market segment. However, this is the home I really want.I am a cash buyer and plan on living in the home. Any advice on what to do next? How long should I expect to wait?October 16 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.