Well Alexandra, once an offer goes to the bank, it needs to be processed by several departments. Documents, and in some cases updated documents, need to be obtained from the sellers. Once that is all complete and the short sale itself is approved, the bank will then look at the offer and compare the offer to what their minimum accepted amount will be. If the amount offered is less than what the bank will accept, they will either come back to you and tell you what they want or, if the offer was unreasonable in their estimation, they could ignore you altogether. More often lately, they have been coming back with something whether it be a counter or an approval. I would need more information to determine where they are in the process and give you a better idea of the timeframe but I am assuming your agent has been in contact with the seller's agent and can get you a timeline. I hope that helps and I wish you good luck!
Barbara Bertone, CDPE (Certified Distressed Property Expert)
RE/MAX Platinum Group