It's free and you can sign up to get the addresses, and see if the property your trying to get is even on that path yet. Or the borrower just asked their agent to short sale it and now the lender or their servicer is just now into the process of knowing the house may go to them, and they are just starting that process. 90 days, it could be a year or more.
Best to you, again.
It's not about yes or no from the lienholder(s)...it's about patience. It's not over until and unless someone buys it for more than you are willing to pay. It could take another 60 days for them to get real, depending on how far behind the owner is in their payments and whether or not there is a Trustee Sale date.
The closer it gets to foreclosure...the more real they get. Heck...you can let them foreclose and buy it as an REO. Patience! If you are not willing to play the game for at least 90 days...stay away from short sales. Most take at least 90 days. "...a month ago" is no time in short sale negotiations.
Short sales are hell, but think you have figured that out already.
Not sure what part of Tukwilla you're referring to, but there was one sale at $245k in November (and some much more expensive than that in the past six months, but obviously very nice houses).
Banks do make mistakes. Earlier today I was mentioning a house that did not sell at short sale for $225,000, and the bank put it on the market after foreclosure at about $240,000. It's now listed at about $180,000.
Best to you.
I worked that market for 15 years, it's a uneven market, one area can be hot, the next nothing going on, so again the best to you.
Banks are subject to the work that is done for them. An agent or two has performed a Brokers Price Opinion of the home and they are weighing your offer in light of that information. The problem is, the BPO may or may not be accurate.
If you were my client I would perform an updated market analysis, factor in the homes present condition and discuss whether we want to do anything with our offer. Don't make an emotional decision. Consider other homes in the area you may want to consider before you are committed to this home at any price.