CitiMortgage REO - Offer Waiting Period
I put a Cash Offer on a CitiMortgage REO Home for $30K, Asking price is $35k, needs some TLC but for the most part, it would be a sweet deal.
I put the offer on the day it came on the market with my Realtor who had to present to listing agent...My realtor followed up with the LA because of expiration and she said that the home has to be listed for 7 days in order to accept any offers....? I called her broker and they said they haven't heard anything like that...
I think its bull but what have you found in your travels? I am willing to pay full price and don't want to get beat out in the meantime...I'm also aware that sometimes they will list for Owner Occupied and then after no offers, they will accept offers from Investors..
Any help/insight is appreciated on CitiMortgage, Waiting Period, Offer. Thanks!