BEST ANSWER
FIRST ANSWER
By our definition, the degree of difficulty is as follows, from easiest to more difficult:
1. regular transaction
2. foreclosure
3. short sale
With a foreclosure it is the banks responsibility to convey a clear title for the property meaniing that all liens should be identified and satisfied prior to closing.
Once a buyer has been identified and the contract executed ther should be little difference in the time required to close the transaction. Short sales, on the other hand, can last beyond eternity.
Fri Jul 3 2009, 12:27