I have identified two properties going to foreclosure. Neither (appears) to have any junior liens, and both have 2-3 times more equity than principle owed (even at a comparable short sale price). Both sales have been postponed at least once and will probably be again. Am I naive to think these properties, or similair ones, will actually ever make it to sale? Why/how whould an owner just not sell, considering they are not underwater?
Would all loans/lines of credit secured by property be recorded along with the land records/deeds?