danthedart – it took them a long time to get it on the market in the summer of 2008. I remember seeing places w/NODs from the end of 2007 that didn’t get foreclosed upon until the summer of 2008. They have dragged this out for a very long time.
The only properties I’ve seen go from NOD to foreclosure in 3 months are the for certain investor properties, NODs getting mailed to a different address than the property receiving the NOD. The property does not get listed. They don’t attempt a short sale. W/in 3 months, the bank just takes it back.
Those were not very many. Most were trying to do short sales and the process was dragged out. Then the moratoriums, then the holidays. And here we are.
