What is the process and the timeframe?
Once your offer and the seller’s paperwork are presented to the bank(s), it can take between 40-75+ days for the final approval to be issued at which time you can complete your due diligence and move towards closing. If a foreclosure sale date is approaching within this timeframe the foreclosing lender will most likely postpone the sale date and allow enough time to close, assuming you offer is strong enough and you are proceeding in good faith.
