We just submitted an offer for a short sale. It was on the market for over 200 days and this is the 2nd time. The first buyer decided not to close after 2 months of waiting (bank did approve the short sale). The listing agent lower the price again this time, and they got 8-15 offers, according to our agent.
So, I would say, if this short sale just went on market for a few days, don’t hold your breath. (And it is unlikely still a smoking deal when the bank approves.)
