Asked by Semadj, Warren, NJ • Mon May 24, 2010
I just recently put in an offer for an REO that BofA controls. The house has not been officially listed yet and did not have a price. However, we are dealing directly with the listing agent that the bank hired and said we can still put in an offer. We threw a ballpark figure, that the listing agent thought was reasonable, of a straight cash transaction, sale is "as-is", and we pay closing costs. Does anyone have a general idea of how Bank of America will handle this? Will they sit on the offer for a while? Would I expect a response in a reasonable amount of time, 5 days or so? Any insight would be helpful. Thank you.
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