Time frames for escrow on repo properties

I had a long conversation with a large reo listing agent about what seems to be a trend, banks are taking longer than ever to address submitted offers. He told me that after acceptance you can expect a escrow to last from 45 to 60 plus days. The reason is that escrow companies are buried with all the bank repos and the banks just use a few of the larger companies, thus making the matters worse. So be prepared to wait it our the agents have very little control over the situation.