Hi Craig. If you put an offer on a home in April,even if you get the seller to sign the paperwork, it may take the bank 30 - 60 days to approve the short sale. You can't close on a home being sold as a short sale until the bank approves the short sale. You may feel like you're getting a deal on a short sale purchase, but the time lines are not your own. The bank has a lot of work to do behind the scenes to approve a short sale. If you are a patient person the short sale purchase is the way to go. However, if your goal is to close in May buying a short sale property is not the way to go. If you are a renter and your lease is up at the end of May, you may want to consider your options. Perhaps you could try to find a short sale property, but extend your lease a couple of months on a month-to-month basis. You will need to make these lease arrangements in writing.
Let me know how I might be able to help you with your new home purchase.