You added a picture, I see. You always ask very good questions. Weren't you looking in Del Mar previously? I am seeing more and more short sales that actually are closing escrow, so if it's a house you really like, jump in there and make an offer. Banks are trying to move inventory off their books faster and have been staffing up over the last couple of months. Last summer, one took 5 months to get an approval to me and of course the buyer walked. They just filed an NOD after 6 months of no payments but I have a new replacement offer in too so they'll frequently postpone the trustee sale to let the short sale close. My new short sale with another lender just got approval in 45 days, so the timeframes are getting better. But, I've seen other houses that became bank owned that didn't even come on the market for many months. Some banks have so much inventory they can't get a handle on it and even get them listed for sale in a timely manner. Others assign them to a Realtor the minute the trustee sale is finalized. So, sorry we can't be more direct but there's not a definitive answer. Have you made offers in the last few months you've been on trulia? How can we help you find the home that's just right for you?
Diane Conaway, RE/MAX United, (760) 749-2888