I've gotten the idea that the seller isn't very motivated -  in my original post I forgot the mention the most frustrating part of the 48hr offer time table - we had already scheduled my second visit to the property, essentially was just going to do another walk through to look at things a little closer, just to make sure I really wanted it.

We were fortunate to have this lined up before even putting our home on the market, which took 3 months to sell, knowing that we had a place to go no matter when it sold.We had no timetable as to when we had to be out of our home so we were literally worry free during the process.This was not the case for the sellers of this particular home.

Based on meetings I attended right after the flood with Congressman Ted Poe, Harris County Flood, FEMA, Army Corps etc, FEMA and Harris County Flood are not set up for mass buy-outs and do not have a plan or timetable in place to begin them.

House Ways and Means is on a turbo-charged timetable and we believe the tax reform bill will be introduced next week.

You want to give the sponsor flexibility on the exit time table. 

Here is a very common scenario (not legal language) for office leases: One time T Termination Options are commonly provided by LL's on 5 year deals AFTER the 3rd year of tenancy. 

But make sure to give yourself a time table on when you want to jump into the game.

You can answer email on a time table that works for you.Thanks for the input!

All I was instructed to do right now is wait for the foreclosure letter from the bank....I don't even know what type of letter I will get and what time table and what sequence of event I am going to face and what would happen to my tenants.

Math should teach train timetables.