No contact at all in three weeks? . Have you tried to contact her broker? Maybe your agent is ill or had some kind of major emergency.
Working with buyers requires a lot more time than working with sellers. You need a buyers agent who is not too busy to cater to the unique needs of a buyer.
I would like to know what documents you signed. Did you actually put an offer on a property? Sometimes with REO's the listing side does not counter all offers, some offers may not get any reply at all. They simply select what they think is the best offer and move on. If this is the case your agent should keep you posted on what's going on.
As for your deposit check it should be held uncashed at your agent's office until you actually have an offer accepted. You are not at risk of lossing any funds at this point.
Try not to get discouraged. Stay engaged in the home buying process even if you have to move on to another agent.
Best of luck to you,
Kawain Payne, Realtor
The main pitfall to buying a foreclosure is the seller (the bank) has never lived in the home so they cannot give you any history on the condition of the home. The homes are truly sold "as is". The bank often times will not make any repairs. In some cases they will not even do termite work.
Another pitfall is if you are buying using a FHA loan, some REO homes will not meet FHA conditions for funding. Because the condition of the property does not meet FHA guidelines.
The former owner in most cases has either been evicted or has already moved out by the time the REO property is put on the market, so you will most likely not have to deal with getting the previous owner out.
Best of luck to you!
Kawain Payne, Realtor
It sounds like you were trying to sell a rental property but that sale fell through? If the bank is foreclosing, it sounds like you aren't making your payments? Most mortgages require homeowners to keep hazard insurance policies in effect on their homes as long as they have the mortgage. If you didn't pay for that insurance, the bank probably purchased it and added the premium to your loan balance.
It will definitely damage your credit if it forecloses. Foreclosures used to clear off credit reports in 7 years, but I've heard that it may now show for 10. Either way, it will definitely affect your ability to get new credit, including refinancing.
I doubt that the bank will come after you, but you could check with Legal Aid Society http://www.lasoc.com/ContentDetail.aspx?Id=14&ContentTypeId=1&CategoryId=2
Or the California Consumer Home Mortgage site :