Once the bank has accepted an offer, they sent the offer back to you in the banks papaerwork (called an addendum usualy). You sign the addendum and return it to the bank, the bank then SIGNS the addendum converting it into a contract and sends it to your agent and you. Once you have that signed contract in your hands they can not accept any other offer, but until that moment the bank has the upper hand and can do anything they want. Was this answer helpful? If so please click on the "thumbs up" or the "best answer".
Charles Rutenberg Realty