Well, as you can see below, short sales are not short at all:) If it a short sale and BofA through the equator system and the first loan is a BofA loan, and there is no second loan, then you have the best chance of completing a short sale in a 30-45 day time from from submitting the offer.
Keep in mind, the process to submit an offer can take a week or longer since the listing agent has to be acknowledged by the bank in the system and they have to upload the offer. If they don't have all the required information, including the buyers date of birth and social security number ( which in a traditional sale they don't have), ,they have to ask the other agent, upload the information, and then give the bank 3-5 days to respond. All of these little things add up to more delays so if you are wanting to compete a short sale in a short time, the best thing you can do is make sure all parties are committed to making it happen and can turn around documents as quickly as possible since the banks process is slow to begin with.
That being said, we didn't cover the other issues, such as, is there really a hardship, is there insurance on the property, who are the investors making the decision, all which lead up to, is the bank really going to approve the short sale after all this work.
If you are in contract on a short sale best of luck to you. The success rate is a lot better than it used to be:)