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fannie mae foreclosure offers

August 10th, 2010 by admin



fannie mae foreclosure offers
How long should I wait for the bank to sign the addendum to buy a foreclosure?

I sent a purchase contract of Fannie Mae foreclosure and sent an addendum. I saw him, he signed and returned last week. How long does it usually lead to the signing of the contract? How about if they have the contract for another week or week to see if you find a better offer, I can go out?

His contract (and more) must have a date of "acceptance". It is a precise date on which the contract must be signed by all the parties, otherwise the buyer may withdraw its offer. If you provide a date of acceptance was sent to the FM and more after the date of acceptance or not to extend the date of the bill, so you do not have. If you want the house and in line with the addition, add a date of acceptance. This will avoid the holding of the FM contract to see if they get a better offer. Realtor.sailor

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