When a property is foreclosed it does not always pop back on the market right away. There are many forces at play behind the scenes that cause delay in getting homes back on the market quickly, as simple has the banks have more properties than they can process or they had mortgage insurance and are waiting to see who will take title on the house which means who will take the loss. On average i have seen 3 months turn around, i have seen it shorter but also seen it longer. Check out my page on buying bank owned homes also known as REO or real estate owned by the bank. The best way to know the house is getting close is when you see activity at the house. The house will be assigned to an asset manager who will begin preservation activities such as securing the house, doing the lawn, cleaning it out and listing it with a broker. When you see a worker, go ask who they are working for. You will get the inside scoop. I work with alot of bank owned homes which i list on my site, alot of times i am assigned the task to do the clean ups and wait for a price which also can take a month or two. I list these homes on my site for everyones review. During this time by all means you can put in an offer. If you can save the banks money and time, some of them will bite.

Hello Kelly- I just checked my database on all foreclosed properties for Sale in Windham, and there is only 1 property- a condo. My database has not just houses that are listed with a realtor or on the MLS system, but about double that because roughly half of bank-foreclosed homes for sale don't get onto MLS for one reason or another. That's just a rough number from my experience and research.
If I can be of help in some way, please let me know. Thanks and Good Luck,

Ken L.

Helly,
I see it has been almost a month and still nothing on this property. The bank did in fact foreclose on the property and it will be listed again. Some lenders take a little longer than others to re-list their property. If I were you I would have a REALTOR keep an eye on it so you can be one of the first one's in the door as soon as it pop's up on the market.