Offer Period

Profile picture for moose0969
If one were to make an offer and the bank has until a certain day to respond, does the bank respond that day? If the bank does not respond, what next?
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July 13 2009 - US
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Answers (3)

Profile picture for Linda Gasaway
Unfortunately, they don't play by our rules.  It took 30 days to get a response from the last foreclosure I did. 
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July 13 2009
Profile picture for LendeJr
it can go motnhs beyond.
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July 13 2009
Profile picture for wetdawgs
If you are considering placing an offer on a short sale or foreclosure, be aware that the bank(s) tend to ignore deadlines related to response times.

What happens?  You have the option to withdraw.     If you really want the property, you have to play by their rules.  It can be painful and prolonged.
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July 13 2009
 

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