I can appreciate your frustration with trying to purchase a short-sale. Most of the time the steps, and resteps, do not seem to make much sense on the outside, but in essence, the financial institution is trying to ensure they get the property sold at the best price, while recovering whatever they possibly can from the current owner. Your offer would have had to be approved in writing. I would suggest reviewing the contract to see what 'special conditions' are noted to identify the areas where the institution may have flexibilities in delaying the sale. Regarding the BPO's, it is typical that they continue to have the price opinions done even after acceptance of a contract. It helps to ensure the property has not incurred further damage that the selling institution needs to be aware of and also checks in again on pricing. Best of luck to you ... purchasing a short-sale is timely and aggravating, but in the end, ideally you'll end up with a property with equity!