how long can a cash purchase on a forclosed REO home take after price has been agreed

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January 01 - Miami
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Answers (8)

Profile picture for PeteBeglar
Janeece Smith..THAT WAS A ALME ANSWER!!!!  why bother even writing that?
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February 12
Just depends on the bank and how long they can take to process the papers on their end. In your offer you can ask for whatever you want and sometimes you get it!
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January 10
Profile picture for llopez9915
Good Afternoon Gina,

Normally the closing date is set when the offer is accepted by the bank. There are occassions where the closing is delayed due to having some pending title issues, but the average closing time is 30 days.
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January 03
Profile picture for Ofe Polack
Usually when the price is agreed, a date is also set, and the lender sends a letter explaining the terms.  I would say from there on, it depends on how long it would take your title company to do complete the title search.  Good luck!
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January 02
Profile picture for Phil
Usually the closing date is agreed upon at the same time as the price.
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January 02
While you can close in a week or two, most banks want 30 days to get their paperwork in order.

Eve in Orlando
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January 02
Profile picture for mbrigandi
Depending on the Bank average time would be two to three weeks.
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January 01
Profile picture for dpbarr2000
It can take as little as two weeks, depending on title search.
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January 01
 

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