Last week we made an offer on a VA foreclosure. We were given a deadline for highest and best. Have heard nothing. I called yesterday and VRMCO said they were still accepting highest and best. Two questions 1) does that mean that none of the offers made the cut? 2) How long does this usually take. 3) Do cash offers, even somewhat below listing price usually win?

I have only worked on one foreclosure and the bank was using an agent so I could ask the agent questions. It only took about 5 days and here is what it said about highest and best:

Thanks for the info.