How does the offer process on REO properties differ from the process with regular sellers?
First of all, the response time is generally longer when dealing with a bank than it is when dealing with a homeowner. Banks have hundreds, and sometimes thousands of properties for sale at any one time. They are not likely to be able to respond in less than 48 hours, and sometimes it may take as long as a week. It is not necessary to call the office to check on your offer. You will be notified as soon as we have an answer.
