I sought to buy a condo on Lost Canyon last yr. Those condos cannot be bought and are still for sale. One man lives in his condo the past yr. without paying huis mortgage or his monthly condo fees. It seems the banks are in no hurry to sell and thus recognize a loss on their books. So it is really hard to buy foreclosures out there I have found without tying up a down payment for yrs. while the bank, in no hurry to put losses on their books, considers your offer. That is a big problem there!