Home Buying in Miami>Question Details

Juan L Marqu…, Home Owner in Miami, FL

How do banks communicatewith prospective homeownersafter making an offer?A phone call, a message to my

Asked by Juan L Marquez, Miami, FL Sat Apr 26, 2008

realtor, or a certified mail?
I am waiting for my offer to be
accepted in a short sale, and today I received a note from the post office that I must go
and pick up mail sent to me by I
don't know who yet?
Do banks do business that way?
Thanks

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Answers

2
Hello Marquez,

Cindi is correct. The bank will contact the listing agent, then that agent will contact your Realtor.
Short sale property does take awhile to hear back from the bank. It could be as little as 3 weeks and as long as 4 months. In the meantime, they will be collecting offers and pick the best one for them, in thier time frame.
Once a contract is accepted, they expect to close quickly.
0 votes Thank Flag Link Sun Apr 27, 2008
First of all, be aware that short sales can take months to approve. They will communicate with the listing agent , who will then communicate with you. There should be no reason the bank would communicate directly with you. Good luck!
Web Reference: http://www.cindihagley.com
0 votes Thank Flag Link Sat Apr 26, 2008
The Hagley G…, Real Estate Pro in Pleasanton, CA
MVP'08
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