Foreclosure Time Length
There is a house in my neigborhood that has been in foreclosure for at least 6 months. Does anyone know why a house would stay in foreclosure for so long? Do you think it would be worth it to even get involved with it since it's apparently not appealing to the public? I wonder if it would sale...
Thanks
S
It is not unusual for a house to be in foreclosure for 6 months. The longer a house is in foreclosure, the better chance of getting a successful short sale done. That is showing you usually how bad the bank doesn't want to take the house back. In some cases, the seller sould have filed bankruptcy to prolong the foreclosure, to give them more time to reinstate the loan. You neverknow, but its worth a shot. I would locate the owner and get the deed and do a short sale.