Bank owned properties can be frustrating.. keep on your Realtor!
There is no set time frame to get an answer.. could be 1 day.. could be 2 weeks. The main thing is to be patient, caontact your realtor and have the person place a daily call to the bank or the listing Realtor.
The Banks do want to sell the properties, but it is not a one man situation.. there are procedures in place by the bank to get offers reviewed and accepted. hang in there.
The contract should also include, in the additonal contractual provisions section, a statement the home is sold as is and that all provisions are subject to approval or revision by the mortgagee (bank).
Keller Williams Atlantic Shore
BUT if the tile is still in the owners name, you may be working on a "short sale".. If so, then be prepared to wait for the acceptance for 4 to 6 months. my last short sale took 7 months, but the wait was well worth it. My sellers are happy and the buyer is thrilled.
if you want to call me, I will be more than happy to explain it. if you do have an agent, Then she/he should be able to..
Patricia " PATTIE" Romano
RE/MAX At Barnegat Bay
31 North Main Street ( RT 9 )
eve: 609-978-5985 - till midnight
Toll free-(888) 860-9177