[Wilywilly]

I've bought three of them in the past 4 years. Two problems as I see. First each bank has one or more admistrators who handles the overall shortsell. They are compensated piecemeal and have no incentive to rush a particular one along other than with a sweet sucking up realtor. They usually get blocks of short sellls to administrate 50-100 at a time. The other problem is that several different parties are involved in the short sell and they all have to sign off on it. The bad loan orginator, the current note holder, the servicor and the worse of all the investor (the guy representing the bond investors that the note is part of in the secondary market). They don't care if it's a cash deal or not. With all the delays there is plenty of time to secure financing. Some real good deals out there but you have to be patient and persistent.