Please help us out by updating and qualifying your question... -There simply is not enough info. in your ques. to do anything but Blindly throw out possible answers for possible scenarios...
All answers below have valuable information about the time frames. I just want to add that if you are dealing with the listing agent who handles this foreclosure, that agent typically knows how long does it take their clients (banks) to respond. I have seen them responding in 2 business days.
Hopefully, you have submitted your offer accrding to that agency instructions, including the proof of funds or loan pre-approval letter.
If your offer is with the HUD home store it can take 2 weeks in Metro Atlanta.
With bank owned forclosure it could take about 7 days average.
With a short sale...god only knowes that answer. S L O W !
I hope you have a good real estate agent helping you!
Isabel Elsesser, Realtor serving all Gwinnett County.
If it is a foreclosed property it will take about three to four days.
If it is a short sale, it can take a while, as there maybe one or two lenders.
Congrats on writing an offer and good luck.
Enjoy your home.