Well, by “patient” I kinda meant someone who waited for the right property to reduce at the right price, not necessarily that this guy/gal was in escrow on a short sale for a year and a half. Initially this had a much higher LP and from the looks of it, not too many people are buying at or above list. People are waiting it out and in some cases, reductions are happening, as what happened here. No one was jumping in to buy it at list. Wait long enough and offer less a week after the last reduction, looks like they finally found a seller.