Asked by Mary, Altamonte Springs, FL • Mon Jul 21, 2008
We put in an offer last month with a preapproval letter that was on the low side with a down payment promise. We haven't heard anything from the bank. We don't even know if they have gotten an appraisal. The house has been in pre-foreclosure for about 2 months. Is it normal for the bank to be so slow? Is this a good or bad sign? Will they go into foreclosure instead of counter offering? Is there anything we can do to be more aggresive with this house? We really like it and don't want to let it slip out of our fingers.
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