In our real estate market area, Sarasota, Florida bank owned foreclosure homes and condos are selling at a fast pace while Sarasota Short Sale real estate purchase are crawling along talking many months to get a lender approval and close. With many hungry buyers ready to buy, it's to bad that lenders are clogging up the system and not approving short sales in a timely fashion. If you can apply and get approved thne close on a mortgage in 30 days why does it take lenders so long to approve a short sale? Here is a great blog from the WALL STREET JOURNAL and a (foreclosure map) that will show you how good or bad bank owned foreclosures are in and outside of Florida.
http://online.wsj.com/article/SB126100260600594531.html#project%3DSTRATEGIC_DEFAULTS_0912%26articleTabs%3Dinteractive
