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11-12-2009 at 8:00 PM
mrsannie
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Joined on 08-24-2009
11 Posts
297 Points
mrsannie is not online. Last active: 03-17-2010, 7:53 AMNewbie

Seller won't turn in offers!

We put an offer on a SS almost 2 months ago and we know there is at least one other offer on the house.  The seller will not take any of the offers to the bank though!  The house won't go into foreclosure until the end of April if he continues not to turn in the offers. 

Has anyone been through something similar?  What happens to your offer when it goes into foreclosure?

 Thanks! 





 
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11-12-2009 at 8:07 PM
anitanicho...
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Joined on 01-31-2007
Los Angeles, CA
299 Posts
6,262 Points
anitanichole is not online. Last active: 03-17-2010, 1:50 PMNewbie

Wow that sucks! Why would they even put the house on the market in that case? Some people are just jerks and like to screw with peoples' emotions.

This has never happened to us, that I am aware of anyways. I believe once a house goes into foreclosure, all offers are voided and you have to re-submit an offer once the bank makes the house available for sale again but as an REO. Good luck!
My little angel boy: Achilles
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11-12-2009 at 8:26 PM
2xtime
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Joined on 09-07-2006
Rhode Island
2,030 Posts
37,452 Points
2xtime is not online. Last active: 03-07-2010, 8:45 AMSilver
If the bank has not accepted your offer by the time house goes to foreclosure auction, your offer is no longer good. You can find out when the auction is and bid at auction or wait for house to go up for sale with REA if no one buys at auction. If an investor buys it, you may be able to buy directly from the investor.
Mary[


 
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