Upcoming Foreclosures

How long does it typically take for the bank to approve/reject offer on a foreclosure?

The realtor said "rather quickly." I'd like to know in terms of days/weeks what quickly means. Talking about an actual foreclosure, not short sale. In addition, do banks ever counter, or is it always just accept or reject?

Public Comments

1. This can take as little as one week or as long as 6 months to a year. There is no way to know and each bank is different. If you have the patience, in many cases you can get a great deal.
2. Less than a week in most cases. But don't count your chickens until you have a signed copy in hand.