Time Between Foreclosure and Sale
Last January I was looking at a house I wanted to buy. The owner & I couldn't agree on a price and I quickly forgot about it. Then, a few months later while scrolling through some county records, I noticed that HUD had taken over the property in February. (If only the owner hadn't been so stubborn, we were so close on a price and I didn't even know a foreclosure was in the works!) Anyway, here it is almost December and that home is still just sitting there owned by HUD. How long do they wait before they try to sell it? I've seen others listed within two months, I think. I had inspected this place and it seemed to be in decent condition except that the Heating/AC unit was completely dead.