From your posting i can easily tell that your short sale offer is going very fast....i have been on both sides of short sale and the fastest i was able to do was about 2 months. The slowest one is still going on after 8 months!
We believe the offer is very reasonable, not a super low-ball offer.
There doesn't appear to be an competing buyers right now, and with the MLS expired hopefully there aren't any new shoppers stopping by.
The owner accepted our offer, signed (we have copy) and sent to the lender immediately.
Although we don't have direct contact with the lender, the owner is in the mortgage business and claims that he deals with this lender frequently. Therefore, we suspect he has some internal contacts that are helping him grease the wheels to keep things moving. This also helps because he's familiar with the short sale process and isn't learning as he goes.
From sample "approval letters" I've found online, it looks like most of them stipulate closing within 30 days of the date on the letter. Is there any room to negotiate on that date? If an approval comes shortly, we'd still (ideally) like to target the end of March for a close due to relocation, etc.
Thanks again for any insights that can be provided here. What a great collection of expertise!