once a bank selling an reo home has accepted a contract, can they still accept a higher offer if it comes in
Answers (1)
FIRST ANSWER
If they have signed an acceptance of the contract (as opposed to just verbal acceptance) then so long as the buyer meets their requirements - inspection and financing contingencies met and ready to close by the specified date - then normally no they cannot elect to take a higher offer.
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Answered Tue Nov 3 2009, 06:17 by Alice Keife in Conneaut
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