I made an offer back in May on a place that went stealth w/no word. Turned out the owner had a change of heart and was trying to make some payments, but then first week December the bank took it back, so that short sale is not going to happen. Now waiting for the bank to do the cash for keys and list it, meanwhile, last I checked, the guy was still living there, though recently had a garage sale.
Made an offer couple weeks ago on another short sale. No word. Not contingent yet. Not owner occupied. Rental.
I have seen the banks taking more properties back lately. It’s looking like the average is about 8 months from the date of NOD.
