"Title issues" on an REO

[Lauren Rose]

Hello,

I put an offer in on a Chase bank owned foreclosure 2 weeks ago (the first day that they would accept offers). We were supposed to hear back within 48-72 hours, but we didn't. We kept our offer in and our realtor has been talking to the listing realtor and found out that they're "checking title issues."

Does anyone have any experience with this and have any idea how long this can take? They said we are the only offer right now. Also, the realtor said that this won't affect the asking price of the house.

The bank "bought" the house back in 2015. Shouldn't the liens have been cleared when they bought it back?