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Myself and my wife like a REO owned property. As per listing agent their last day to accept offers in coming Friday (just 3 days from today).My agent is pushing me to get a formal loan approval. However i do not think i have time to get a formal loan approval in such a short duration. Is a formal loan approval possible in such a short duration?I can get a pre-qualification and make a good offer for this REO listing. Is there anything else that we should do in order to increase our chances of getting our offer approved.Tips/Advice?Thanks in advance.
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