I agree with Rob. It all depends on the bank as to the length of time it takes to look at an offer. Right now, banks are completely overwhelmed with foreclosures. I currently have one listed for a local state employees credit union. I have 3 offers on the table and they were all presented to the local branch manager almost 2 weeks ago. Of course, he had to forward them on to his home office in Raleigh for review before accepting one to counter to. I have called the local office about everyday to check on the progress of the offers but, have not gotten a response yet. Buyers looking for a good deal in foreclosures, just have to be patient and not stress out too much. Because, there are some really good deals out there.