[quote=Eugene]It was still listed 3/23 and trustee sale took place 4/7 … wouldn’t it be unusually quick for banks to decline the short sale and decide to foreclose less than two weeks after getting an offer?[/quote]
This brings up a question that I’ve been wondering in general. Do banks foreclose faster on high end properties? NOD was in 12/08 and foreclosure was in 4/09. (Actually NOD might have been filed earlier and it just took a bit for that record of it to be put up on SDLookup) That’s pretty quick. It was my understanding that if you had a potential short sale, and you played your cards right, it generally would take a year before your were tossed out of your house. But maybe banks move quick on high end properties. Anyone know if this is true?
