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03-19-2008, 04:54 PM #1
Renter
- Join Date
- Mar 2008
- Posts
- 2
Slow to get bank signatures on a foreclosure offer (REO)?
Is it typical for banks to be slow accepting offers? I was told by the Realtor representing them that they were definitely going to accept my offer late last week.
Any similar experiences or know what the bank buearacracy is like for signing offers?
Thanks for the feedback!
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03-19-2008, 06:31 PM #2
Mansion
- Join Date
- Nov 2006
- Posts
- 1,232
Very normal. Banks are sloooooww...
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03-19-2008, 09:47 PM #3
Fixer Upper
- Join Date
- Jan 2008
- Location
- Davis CA
- Posts
- 31
In my area the banks are commonly taking about 3 weeks to get signed paperwork out. Look to see if the property has been changed over to pending status in the MLS.
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03-20-2008, 04:23 AM #4
Condominium
- Join Date
- Sep 2007
- Location
- Indianapolis
- Posts
- 302
Same thing here, they verbally agree to it pend it on the MLS and then you wait. 2 - 3 weeks seems to be the average around here.
Mike Taylor
Broker/Owner
Red Door Real Estate
Indianapolis Real Estate| Indianapolis Homes | Indianapolis New Homes | Carmel Real Estate | Fishers Real Estate |Noblesville Real Estate | Greenwood Real Estate | Zionsville Real Estate | Westfield Real Estate | My Real Estate Blog
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