A short sale or distressed real estate purchase can take years. We were involved in a short sale in Florida and waited for 2 years for the deal to close.
That was fine with us since we didn't need a place to live for 3 years and it wasn't costing us anything.
When it looked like we would want a Florida home within a year we dropped the short sale idea and purchased our place in TV in 6 days.
We used a Villages agent and an MLS broker. You need both if you are considering a resale. There is no overlap since they don't show the same homes.
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