Freddie Mac First Look Initiative Process

[Reid Ruckebeil]

Hello BP, 

I recently submitted an offer on a Freddie Mac First Look Initiative foreclosure that I am planning to owner occupy. I submitted my offer a day after the listing and significantly higher then asking price. This one on Thursday and the agent said they will be reviewing offers Monday. However, the listing agent is now telling my agent that they will not be reviewing offers until after the 20 day window is up. I was curious if anyone has had experience with First Look Initiative process and can confirm that this is normally procedure.

Thank you!