[007 license to sell]

Most properties are price below value to get multiple offers, the banks have been doing this since the housing crash. And as far as a seller being more anxious to sell if it's been on the market a long time doesn't mean a thing.
Banks would rather sit on them than sell, another reason why the seller isn't anxious to sell is just because a bank is listed as the seller it could really be an investor that would be in the decision process, which could complicate things more.
I just sold a property that had been for sale for 4 yrs my clients paid a little over the asking price they still got a great deal. This is not your fathers housing market, the way offers are done are completely different, you have to rethink your buying strategy.
Once a bank sells a property they have to write down the loss and that could mean more money paid back to tarp. The banks don't want to do that or it would really mess up their books and could be a real problem. Also the investors that the banks and the banks that own property don't get the mortgage insurance if they settle right away, they will hold on to the property until they get all the mortgage insurance.
Not all properties have mortgage insurance however even if a home owner didn't get mortgage insurance, some banks and investors went ahead and put mortgage insurance on a property to protect themselves if a home owner would default without the knowledge of the homeowner. The homeowner wouldn't need to know since the home owner wasn't paying for the insurance themselves.
The housing market is very complex it's not a simple buying process anymore, there are so many variables and the rules change constantly, along with the foreclosure debacle and lawsuits that are happening with them and the issues with robo signing our own Attorney General has filed against BofA for possible mortgage fraud, Wells Fargo is being sued for pick a payments. Nothing is black or white any more, there may be more going on behind the scenes of sale of a property than meets the eye. When looking at a property don't fall in love with it, know what you can afford and don't over extend and plan on keeping the property for yrs and enjoy.