KC if you are getting a good deal and can wait it out, please do so! In my market I heard from one agent that it took Bank of America 7 months to even acknowledge they received the buyer's offer and the short sale packet. When your offer is accepted by the seller then the listing agent needs to submit it and all of the required documentation from the seller (ex. tax returns, bank statements, paystubs, hardship letter, to name a few) to Bank of America. From their Bank of America will assign the file a negotiator. From the hundreds of files on this persons desk you then are "in line" for that person to process the file, submit it to management perhaps, and whatever other steps Bank of America has in their pipeline for short sale approvals. The staff that works in the loss mitigation departments used to have a high turnover rate. If the negotiator you are assigned leaves, your file will start all over again with a new negotiator. This person could be experienced or inexperienced with the process. It is common not to have any type of communication from Bank of America during this process. You mentioned an investor also needs to review. That adds time to the transaction once the negotiator has reviewed the file. Unfortunately, you, your agent, listing agent and seller are playing the hurry up and wait game. Good luck to you.