We have a cash offer that has been accepted and cashiers check for earnest has been given to our agent. We have signed all of the agreements, asked for nothing from the other side. No inspections, no home to sell, no financing to wait on. It's a REO property. All we need is the bank to sign their own contract. The property is listed as pending on one site, contingent on another and active contingent on 2 others. So in our case all it means is, they will continue to show it, continue to accept offers, all the way down to the day the bank signs the papers. According to the contract they submitted to us for signing, they can accept a better offer if it comes along up until they sign the agreement. Pretty crappy deal for a buyer who has made an offer, had it accepted, paid cash earnest in the form of a cashiers check and has done all the hoop jumping the bank that owns the property has asked for, but they can sell it to someone else midstream if they choose to do so. But that's the deal with Bank Owned.