It all depends on the terms you placed on the contract. If it is a short sale, it could take weeks to months. Your agent should be able to give you an estimated time frame depending on the owner of the home.
If you are not represented, please free to email me or call me and I would be glad to help.
Coldwell Banker PREMIER Group
At the moment there are about 20 properties for sale in zip code 63106 and the majority of them are not in foreclosure (MLS). However, within the zip code in the last few months (according to accessible public records) there were about 60 notices of default that some ended up in a foreclosure sale.
You see, for the most part, foreclosure sale activity (actual number of properties on the market) at this moment in 63106 is low… let’s say comparing to 63113 that has about 100 active listings with 20+% distressed sales at the moment.
To your question, there are usually “pockets” of foreclosure activity and this is probably because it was a very attractive area at the time... (not so long ago) for investors/rehabbers and subprime borrowers to move into, and then when the market shifted and ARM loans interest changed many couldn’t afford the monthly payments, defaulted and lost their properties.... more