It varies greatly. In the past I have seen lapses of 3, 6, 9 months, even a year. Banks are not particularly good at owning and selling real estate. I pursued a short sale for 3 months with a client, only to see it drop off the MLS, go to foreclosure, not sell at the court house steps, and disappear from the market for 4 months. We persisted and wrote an offer as soon as it came back. We got it!
Is there something in particular that interests you? Let's discuss it.
ARTHUR G. WHITE, SRES, LL.B.
Licensed Real Estate Broker, RealtorÂ®
Red Oak Realty
Cal. DRE Lic. #01273793