Sure, it was end of month and also end of year... but it gives you an idea of what sort of volume these negotiators are doing.
Michael Collins- SFR, BPOR
My Trulia Blog:
The process can also be delayed if there are 2nd and 3rd mortgages on the property or if the property has any liens against it. Prior to putting any offer in on a short sale property I would find out how many mortgages are on the property, and with whom and then I would also ask if the property has any other liens as well. The more mortgages and liens agains the property the longer the process can take and the less likely it is you will ever get your offer accepted.
Hope this helps and good luck.
p.s. here's a link to a quick article and video on how to negotiate a home sale and one of the things you can do to when dealing with the banks negotiator.
And as Suzanne has already said, there is much research to be done to convince the end investor that this is the best deal for them. I don't believe that the banks are deliberately holding out. That would ludicrous in and of itself. However, I do believe that they need more trained people and a much more simplified method of processing these files.
My average in getting short sales completed has been 6-8 weeks. Although I am working on one right now that is becoming a problem because I cannot get the negotiator to respond to my requests. This will then result in my having to go above her head and most likely cause yet another delay.
Short sales should have been named looooooooong sales.