I LOVE your questions!! There are NO Approved Short Sales! This drives me nuts to hear the term. The seller may be approved to do the short sale. The property may have been approved by the bank for one buyer who walked to it had an approved price (that day). However, that means nothing to the new contract! The new buyer will have to go thru the same process, the sellers paperwork still must be no older than 30 days and the property needs to be revalued by the seller. Now might it go quicker? It might ~ however, there no guarantees and if you are an agent telling your buyers that "This will be Fast"...you might get sued.
Debbie Albert, PA
Coldwell Banker Residential
But, how long should it take? My idea and the Bank's idea are so very different.