I am in complete agreement. If anyone here has invested in real estate and has gone through the foreclosure or short sale process it can take months to accomplish. That is only with one lien holder. When you add a second or third mortgage satisfying liens can take over a year.
I do not think this will take more than a month or so, but I am happy to wait and accumulate until the deal is done.
More $$$$$$$$ for me when it pops on news of completion of the deal!