Hopefully you have a professional short sale negotiator working the process and not the listing agent.
BOA has contracted with the firm Dignified Transition Solutions to process the majority of their short sales. http://www.dignifiedtransitionsolutions.com.
They would be your best bet for getting your transaction completed. In many instances 6-12 months are not unusual for a short sale. At the end of the process, you may get a ridiculous counter offer as the approved price, limitations on closing costs, the refusal to pay condo or HOA association fees that have accrued over 12 month period or prorate the current taxes although the contract accepted by the seller agreed to do so. These outcomes have occurred in about half of the short sales I have completed.
Many buyers do not understand the time frame, and reality that the property may not be deliverable at the contracted price and terms. All short sales regardless how reasonable the offer are only a hope and possibility of purchasing. If the price is far below market, much less likely to be approved.
If you need to buy a house look for one that can be delivered by the seller at the contracted price.
RE/MAX Greater Atlanta
An Atlanta Real Estate Expert Serving Clients Since 1979
CRS, CRB, ABR, MSRE, CDPE, CIAS, e-PRO, ESQ
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Investment Agent Specialist
203K Certified Specialist
2050 Roswell Road
Marietta GA 30062
404-386-3682 Assistant Robin
678-760-6266 Buyerâ€™s Agent Adam
The Linked In REALTOR