About Eric Sexton Expertise All aspects of buying and selling homes including: General real estate questions, Contracts, Negotiations, surveys, title work and general questions about mortgages. I CAN NOT GIVE LEGAL ADVICE AND WILL NOT BE ABLE TO ANSWER QUESTIONS WHERE LEGAL ADVICE IS NECESSARY.
Experience
I have been a real estate agent for 6 years and a broker for 2 years.
Organizations National Association of REALTORS and Texas Association of REALTORS.
Expert: Eric Sexton Date: 8/20/2007 Subject: Earnest Money Contract
Question It has been over three days and the broker has not responded to an earnest money contract....the contract is on a foreclosed home that is held by a bank in Ca. and we live in Texas...What do we?
Answer Jo,
In Texas the sellers not required to acknowledge or respond to an offer. In the case of a foreclosed home, the mortgage company often holds offers for some time in hopes of receiving a better offer.
If you are tired of waiting for a response, have your agent send a letter to the seller's agent retracting your offer. If you want to wait it out, have your agent call them and fax them until he can get an answer.
