Buying REO

Looking for anyone who have experience with buying a bank owned property- specifically how long did it take for the bank to make decision. I made an offer and is waiting for final acceptance (or not), but it’s taking a while. I want to confirm if this is typical or unusual. So far, it’s only been a couple of weeks, but I need to know if I should give up waiting and move on to other properties or give it another month or so. I can totally see myself being happy in the place but would walk away if the process get more complicated than necessary. Broker does not have a clue on timeline.

By ClintonHillGal |