Foreclosure in England>Question Details

Lorraine Wac…, Home Buyer in Wiltshire England

How long does a bank take to agree to an offer on a bank foreclosure sale.?

Asked by Lorraine Wackett, Wiltshire England Thu Feb 12, 2009

I will be visiting Orlando for 2 weeks and will be looking to buy a reduced priced holiday home. If I find a property to buy will the sale be guarenteed upon my return to England. Lorraine from England

Help the community by answering this question:


Hi Lorraine,

If you find the right property early in your two week stay it is very possible to have an executed contract prior to leaving.

To expadite this process, it is critical that you come with pre-arranged financial plans. If paying cash, you should have a letter from your bank varifying you have adaquate funds to cover the sale of the home.

On the other hand if you are financing the purchase, it is important to be prepared to present a letter of pre-approval for funding.

IMPORTANT: without these arrangements you chances of completing this within your time frame are seriously deminished.

Please feel free to contact us with any additional questions.

Best wishes,
The Eckler Team

Michael Saunders & Company
0 votes Thank Flag Link Thu Feb 12, 2009
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