There had been a property that one of my clients and I had been follwoing for a while. It just came back on the market as a REO so he wanted to put in an offer. When I contacted the listing agent she said that the first 7 days the bank would not be looking at any offers due to this being a "marketing period". The next seven days only people planning to live there or non profit organizations could make offers.
I understood the reasoning behind the marketing period, but since the property is in a vacation rental complex I did not understand the next seven days. Any thoughts?
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