I was thinking if the banks are going to first collect their properties to sell bulk, that’ll take some time. Then the “new” investors will sort through which they’re going to rent, which they’ll keep, which they’ll sell. We’re looking at months of red tape. That’s why I’m thinking year end.
dan, thanks for posting the link on the other thread. If the foreclosure moratorium is the hold up, does that mean they’re not going to do loan mods or short sales? That’s the concern I have. None of the NODs I recently have come across are listed for sale. It’s just strange. I would think they’re at least attempt a short sale.
