Asked by Cheezehotdog, New York, NY • Tue Nov 19, 2013
Foreclosure: We put in full price offer, other offer on property
My husband and I put in a full price on a foreclosed condo. There is another offer on the property that was placed before us and the bank has been going back and forth with them. Right now the bank sent them another counter and the other buyer has til tomorrow to respond. Is the bank obligated to continue their negotiations with them, or can they exit negotiations and accept our offer?
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