This could be a lengthy process, what buyers need to know is that banks are over welled with short sale & foreclosure files. What we should focus on is that buyers will benefit from acquiring a short sale property at a great value.
If your client/customer is not willing or does not have the time to wait for 30 to 60 days to get an approval from the lien holder, short sales properties is not a journey you want to experience with them.
It also depends on the number of Mortgages, IRS Liens & Other Liens on the property. Mitigators are having to present the offer and negotiate with ALL parties involved and that could be a lengthy process.
I hope this helps to understand why it take so long to get and answer from the lien holder.
Anthony Acosta, Jr.
Harry Norman Realtors
866-515-1966 Toll Free Cell