B of A start to finish is 30-60 days. Of course, much depends on the listing agent/negotiator. If you don't push at the right times it can take twice as long. You know the old saying about the squeeky wheel, right?
Also, B of A traditionally issues a conditional short sale approval letter when the seller has filed BK. I have not seen them hold up the approval letter, awaiting the discharge. They will even close without a discharge if the property is removed from the Bankruptcy Estate (which requires the Trustee to abandon the property or the court to approve removing the property from the estate, or maybe both, I am not certain). Anyway, you should be asking about a conditional approval letter. Perhaps it is not the bank that is waiting for the discharge, but the agent/negotiator. I see this happen often when they are not experienced with BK or the way B of A handles a BK.
So have your agent call the listing agent and push a little. It won't hurt and it might just speed the process up a bit. Good Luck and Dare to Dream.
Shel-lee Davis, QSCÂ®
Certified Distressed Property Expert â€“ CDPEÂ®
Short Sale & Foreclosure Resource â€“ SFRÂ®
Certified HAFA Specialist â€“ CHSÂ®
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty