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So I guess that the answer could be 2 days to never.
"Short Sales" can require time and patience. The amount of time can vary from 2 -5 months for the home to close.
Our recommendation is to consider short sales with bank approval more seriously then those that are not pre-approved. If the bank has approved a price for the home you can normally plan on a shorter amount of time to close.
On the other hand, it could require an extended amount of time.
I can not remember how long ago I answered a similar question regarding SS. The same as REO, The tempo is generally decided by the lender. The difference between REO and SS is lender is the seller in REO but lender is just a contigency approver in SS. That means in REO, lender must response everything under the contract whatever yes or no, but in SS, lender can keep slient there or delay the response. Of cause, in REO, lender prefer to use counter offer to rewrite buyer's CAR purchase agreement and make the terms to benefit lender. In SS, do not think that buyer or agents hav elegal right to push lender to make decision. That is just a contigentcy. Remember, on buyer's side, buyer has no right to ask buyer's lender to approv buyer's loan.
Some of lenders in CA prefer REO not SS. They have some internal issues. 30 days, 60 days, 90 days are popular but do not let your clients misunderstand that you gurantee it. Otherwise it is going to be dangerous. Do not put yourself in hot water.
An experienced agent can help you through it as quickly as possible.