Posted by Dave T on September 20, 2001 at 13:27:18:
I assume that you do not have the bank’s signature on the purchase agreement yet, and that the “contract” they sent you was not signed by the seller. Ask the agent to check on the status of your offer (the agent’s commission depends on your deal going through).
Banks move at their own pace. Check the wording of the offer you signed. If you cannot find the phrase “Time is of the essence”, then the bank could take as long as 60 days to accept your offer. You, of course, could always withdraw your offer anytime before it is accepted.