FrequentlyÂ we receiveÂ phone calls from homeowners whoâ€™s properties have been lost to foreclosure and their homes have sold back to the bank at the auction. Wells Fargoâ€™s REO Department is no different and while there isnâ€™t an exact time frame on how long it will take for the property to hit the market. Different lenders, furthermore different investors, Â have different rules/procedures and many times this can be anything from being a week after the sale to being months later. The most interesting thing is once they hit the market the foreclosed home has to be listed for a period of time before they accept any offers. Read below the Email that we received from the REO Department at Wells Fargo in regards to our inquiries.