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how long does a forclosure or a pre to go on market?

I have been watching for months on forclosures and pre on the market to start bidding on.  I t takes for ever!  and a short sale is anything but short.  I need something yesterday!
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September 15 2013 - Manchester
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Nothing closes yesterday.  Regular, short or foreclosure.  You need to allow 60 days in most instances to cover unforeseen delays.
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September 15 2013
Consider everything except short sales and preforeclosures and you should be able to close quick. Some families may need extra time to find their next house, if they are waiting to sell theirs first.
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September 15 2013
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If you need something yesterday, look at regular sales.  

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September 15 2013
There is NO guarantee that a short sale is the best value to be had in the market and if you want something in the short term you are looking in the wrong place.

Get your financing absolutely squared away and ready to go.  Look at the standard MLS listings and if you have a good connection that you trust with your realtor, you will find a good value. The point is that location is still the surest bet and there are always values in those specific locations.  Just because the listing price on something is low (foreclosure, auction or short sale), doesn't mean it is a value for its  location.
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September 15 2013
houses that are in "pre-foreclosure" may not ever hit the market.   The person losing them may be able to recover and prevent foreclosure.  (likely rare but it can happen).

Some foreclosures go on the market fast, and some sit for a long time.  If there is a title problem that the lender wishes to resolve before listing it, that can cause delay, if there is a judicial review on the foreclsoures that will cause an unknown delay.   I've seen one drag out 5 years - and I've seen one list 3  weeks after the sheriff sale.

It's not predictable in a general sense- too many variables can affect the situation.

If you're in a hurry you should stick with houses that are currently listed and not bother with those pre and foreclosures "lists"   once a house is foreclosed when the bank or REO company is ready to list them they nearly always list them in an MLS with an experienced REO agent.

so just watch for current listings to see what's available.  - also those are not always fast to close.  some are, some take weeks.  I list REOs, I have two at the moment that are owned by the same bank, one when under contract in 3 days but 6 weeks later we still are not ready to close because of seller delays.   One was on the market for 15 days, got an offer, closed in 10 more days.

it depends each time on the individual circumstances surrounding the house.
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September 15 2013
If you are in a hurry then forget shorts.  The bank owned homes can sell as fast or faster than a regular sale, but it takes time to get reply's back from a bank, but only a few more days. Yesterday is out, a loan will take you 30-60 days to complete.

You need a Realtor to guide you, you really do.
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September 15 2013
 
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