This is **exactly** why I think the auction system would work more efficiently. Everything would be automated, and everything would have a standard timeline. The buyers and sellers would be pre-approved through either Fannie or Freddie (or similar govt agency), and they would have a clear understanding of their rights and obligations under the system.
It would eliminate a great portion of the numbskulls who are currently holding things up, and would create a transparent trail for all transactions.
