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Updated over 17 years ago on . Most recent reply

Tom C's profile image
Tom C's profile image
Tom C
  • Real Estate Investor
  • from Ohio
  • Member since Jan 8, 2008
Connect

User Stats

1,067
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85
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Tom C's profile image
Tom C's profile image
Tom C
  • Real Estate Investor
  • from Ohio
  • Member since Jan 8, 2008
Connect
Tom C
  • Real Estate Investor
  • Ohio
85
Votes |
1,067
Posts
Foreclosures

Wording an offer on contract

Tom C
  • Real Estate Investor
  • Ohio
Posted

I currently have as offer out on REO and have been waiting 4 days for the bank to respond. There is another REO that just hit the MLS that I would like to make an offer on, but I can only get one. How do I word the contract that will allow me to back out of the second bid when and if this first one is accepted by the bank?

Or do I have to wait until the bank makes up it's mind on first one, before I can go and write more contracts?

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