Hi all, Looking for a bit of advice in relation to buying mortgagee in possession property. I have placed a cash offer on a mortgagee in possession (CBA not advertised as mortgagee in possession) property last week just under asking for my son to live in & rent from me. Property had only been on the market a few days when I made the offer as he’s been looking for the right property at the right price & I have a quite small cash budget. Latest response from the agent is that the offer is with the assessor & she had asked from an answer before the long weekend (I’m in WA) but obviously that hasn’t happened. Given the delay for the response is it likely that they are looking for a better offer - mine is less than 5% under asking - or just a case of them taking their time? Anyone who might be able to pass on some advice about mortgagee sales would be appreciated!