How long has the above mentioned processed taken? I've had approvals with GMAC in less than 60 days. Depending on the situation short sales can take as long as 6 months. GMAC has to do all of the document gathering from the homeowner as well as the BPO's so there is alot of information gathering. I would make sure your agent keeps in regular contact with the listing agent for updates. Since GMAC mortgages are handled by an automated system the listing agent can ask for updates weekly on the status of the loan.
Karen Paytas, GRI, CMS
Real Living Kee Realty