Once you have determined you wish to make an offer on a bank owned home, you instruct the Total Solutions agent (or your own agent) to write the offer. The offer is then presented to the Bank Seller. The Bank Seller will give us a verbal acceptance, counter offer or rejection. In the case of an acceptance or counter offer, this is verbal from the Bank to Total Solutions Realty and is transmitted verbally to you. All negotiations are conducted verbally until a final agreement is reached between you and the Bank seller. Once that agreement is reached either the original contract offer is amended or a new contract is prepared containing the agreed upon terms. You the Buyer will sign or initial the contract and then the copy with your original signature is sent via overnight mail to the Seller. It will take the Seller anywhere form three (3) to seven (7) days to sign and return the fully executed contract to us.
