Out of my last 15 Pre-quals for buyers chasing a short sale only one closed...
NMLS # 6395
Financing Kentucky One Home at a Time
Who is the lender
How many lenders
How much is owed
How much is offered
Who is the negotiator
How experienced is the agent in terms of short sales
How complete was the short sale package when submitted
How prompt are the people in responding to requests for information
How solid is the buyer
I've closed short sales in as little as 28 days (Wachovia), and as long as 1 year (when buyers backed out for different reasons, with as many as 4 buyers before the sale closed)
The average will still run around 3-4 months from the time the offer is accepted.