Every short sale is different. I have seen them as short as a few weeks and I have seen others go several months, over 9 months even. It is good a negotiator has been assigned. The negotiator will make sure the documentation needed to complete the package is all in good order. A BPO has been done as you indicated, an appraisal may or may not be ordered as well. Once the package is completed AND (in many cases now) all of the legal stipulations have been fulfilled, (ie – a loan modification has either been attempted or the seller is not deemed to qualify for a modication or has officially declined a modification) then the package will be sent off to the investors who will make the decision. That decision may be quick a week to a few weeks, or it may not be. They all vary.
