Home Buying in 60171>Question Details

Piatapux, Home Buyer in 32809

For a bank owned townhouse we put the offer.How long it usually takes to hear from the bank?And if our offer was too low will realtor let us know

Asked by Piatapux, 32809 Mon Sep 21, 2009

about it?

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It could take between 3 and 6 months to here back from the bank. Usually if the offer is too low, the bank will reject it and let your agent know.
1 vote Thank Flag Link Mon Sep 21, 2009
It depends on the bank. Unfortunately, there is no standard time. Short sales are usually taking much longer than foreclosures. One of the banks I am dealing with now (bank owned, not a short sale) should have an answer within 48 hours.

I hope this helps!
0 votes Thank Flag Link Tue Sep 29, 2009
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