08-07-2010, 06:44 PM
Not every foreclosure is slow to process, at least I know someone who put an offer in on one, on this island, fairly new on market, got a response within 48 hours, and closed in less than 60 days, in fact the bank had conditions for closing on time that were very strict. I believe it that there are numerous more foreclosures in the pipeline though ...
ETA
Cat, this article is worth reading and explains a lot
http://www.huffingtonpost.com/2010/08/04...tml?page=1
ETA
Cat, this article is worth reading and explains a lot
http://www.huffingtonpost.com/2010/08/04...tml?page=1