Answer me this. How many banks do you know of that are in a hurry to lose money? Exactly.
So my advice to you is to be super patient and don't pack up the moving van just yet.
Best of luck!
Steve Nash, Broker
NEVER a sure thing period. If the lender is the only outstanding lien on the property then you can have a better feeling. The foreclosure process may still be active and this can interfere with your success. If there are 3rd parties (investors), expect delays because what they can recover might be very small in regards to what they loaned to the seller. Some lenders have somewhat streamlined their Short Sale procedures which is a very promising move. Take care and have a very blessed day.