Terry S
The problem with buying pre-foreclosures is the timetable of the bank.
They have NO incentive to hurry up and look at your offer.
They have hundreds of offers on their properties and they will get to it when they get to it.
Could take weeks, even month, and possibly you will never hear back from them.
budhah1
That depends on so many things. My bank used to meet on Tuesday mornings with a board to discuss any unusual cases, like this. I have on occasion had offers in on Monday Approved on Tue, and closed on Friday.
They may also ask you to mortgage with them. But if all back payments and fees brought up to date, there is not much for them to think about.
I think you are not telling us everything, Give the balance and offer. Then we have more to work with. If you are offering less than owed on the unit, it could take a while.