Because of new Government Regulations implemented this year, turnaround time for lenders to close properties here in our local market has been pushed back to 30-45 days from accepted offer. In addition, lenders can no longer make contact with appraisals. They can only order an appraisal for which they have to go by a list and that is it. These new restrictions have been put into effect as a result of the credit crisis and rising mortgage delinquencies.