Every bank works their own way!
The foreclosed homes and short sales do take longer than a standard transaction.
You sound pretty discouraged about what is going on.
You & your fiance are really looking a very wonderful time to become a home owner. Sellers are very anxious and more realistic than ever when it comes to selling.
REGARDLESS OF WHAT THE NEWS TELLS YOU--QUALIFIED BORROWERS CAN GET MORTGAGES AT COMPETIVE RATES!
As a local realtor, I know the Cleveland market & have helped buyers find unbelievable buys all across the area from Shaker Hts. to Euclid to South Russell to Mantua.
Key step-work with a quality, local lender who will be there when you need him.
If you would like, I can refer you to a couple of lenders that I have worked with and have a great deal of confidence in.
You can call me at 440-487-2193 or e-mail me at firstname.lastname@example.org if you prefer.
Let me know if I can help.
Short Sale- Properties that MAY be in the foreclosure process are a completely different animal and the response time will range from 2 weeks to 8 months maybe longer. Working with the right agent can help you find a property that is REO vs. Short, or at least the best Short Sale Lenders, and Agents who will respond in a timely manner.
Don't despair. Patience is one of the main ingredients. You have to write up strong offers and give the bank a reason to pick your offer. Most banks will respond fairly quickly to a good offer. They want to dispose of their properties. Good luck to you.