Asked by Katrina_santoss, Hialeah, FL • Wed Aug 21, 2013
I placed an offer on a bank owned (chase) property I placed my offer at list price 113k with 25k down. Listing agent said that this would be a good offer,the next day he said there MAY be multiple offers so I should offer More. We were at our limit with our conventional loan offer. However we were also pre approved for more fha he told us previously the bank did not accept fha and then he told us to make a second offer using the fha. So we did an tht offer was more than list at 125k It's been a week and we still haven't heard back and he said it would take a day or two to hear back from the bank. We called listing agent and he now says if we can offer more due to the fact that a cash offer for 125 came in We told them that we could not offer anymore and then maybe we should look at other properties he then told us that the cash offer may not go through Should I wait for the banks response and if so for how long? Will I get a response?
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