Expert, localized Los Angeles answers provided by Heather Roy

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Buying a Foreclosure

  How long should I have to wait for a reply if I have put in a contract on a foreclosure home? Is there a usual time limit I was expecting to hear within 48 hours is that too soon?
 
 

I've received many notes telling of the stress and frustration of waiting for responses when the property is involved in foreclosure proceedings.  I can't tell just where in the process you are, but you're probably dealing with more than one official, perhaps with a committee, perhaps with more than one, and all I can recommend is patience.

    Edith
Originally published on May 15, 2008
 
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