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Old 02-15-2012, 10:23 AM
 
2,076 posts, read 4,103,460 times
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Your seller is correct. That's the process. The bank never "takes over". The bank will never contact you directly, only through the listing agent. Your offer would be submitted and the listing agent then contacts the bank regularly while the bank works through its own processes to determine if and how it will accept the offer.

Quote:
Originally Posted by mntonv View Post
I see what you're saying. Basically, the landlord is blowing smoke up my _ss. They are telling me that they will list the house with their agent, that I should submit the offer to the listing agent and then they will submit to the bank, at which point, the bank takes over, etc., etc. From what you're saying, that's not how it works.

Thanks.
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Old 02-15-2012, 10:35 AM
Status: "Living life..." (set 18 hours ago)
 
Location: Minnesota
136 posts, read 278,625 times
Reputation: 59
Quote:
Originally Posted by WestieJeff View Post
Your seller is correct. That's the process. The bank never "takes over". The bank will never contact you directly, only through the listing agent. Your offer would be submitted and the listing agent then contacts the bank regularly while the bank works through its own processes to determine if and how it will accept the offer.
Thank you so much! That is what they are telling me. I know they are in the short sale process with their other property, so I thought they'd know how it works. Is it generally about a 6-9 month process for this to all happen?

I appreciate your explanation!
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