Does it take banks longer to respond to an offer on a foreclosed home?
Written on March 13, 2010
My husband and I just put a bid on a foreclosed home (this is the first foreclosed home we’ve ever bid on) on Tuesday. It’s now Thursday and we have heard nothing. The house has been on the market for a while, so I thought we’d hear back quickly. Usually on other homes we’ve bid on, we’d hear back from the sellers within 24 hours. Is it normal for banks to take a long time to respond to an offer?
Thanks for the answers so far – it’s weird, because you would think the banks would be dying to get rid of all those properties! Go figure
Related posts:
- Dealing with Banks when trying to purchase a foreclosed home?
- I like to buy a foreclosed home. Can I give an offer that is lower than the asking price?
- How much to offer on a foreclosed home?
- When purchasing a foreclosed home can you offer less than what the asking price is?
- Real Estate Agents: If I want to purchase a foreclosed home what offer should I make? ?
Filed in: Foreclosure News.










