The process will go on and on or smoothly. Seems to be those two speeds. Hot or stone cold. You can call and call and start over and over each time with a different work out person. Lots of dead ends, many on holds, bob and weaves in automation while you work on other real estate duties while you listen to Kenny G on and on. Or if you are lucky you get one person, live and ready to help that gets to know you, that directs the mission from the very first contact. He or she knows the score, has done a few hundred of these and can help get from A to B in your life time. Keep your eye on the short sale ball.
One other thing to save headaches and delays is to find out who has the deed to the property and see a copy from a fax, a trip to the registry or a call to the law firm handling the legal process. The title to the property, the foreclosure notices, the whole nine yards done correctly? Or are you looking at set backs you never saw coming? And the buyer...thinking this is like a fast food drive thru or does he have patience? Willing to work thru the delays or ready to bolt? It is easy to spend alot of steps locating whose lap the property is going to end up in and when. The owner does not know often and you are missing certain notices they received but did not relay. And so many other short sale work outs are being proposed and dealt with with only so many workers on the other end to help the process. Short sales are not for the short attention spanned individual. Can you say "expect delays?"Sure you can. Auctions, cancelled auctions, back and forth and like a hot potato, you wonder will this effort have a happy ending or is most of the time on the phone keeping the buyer in the picture who asks over and over for an exact closing date when you know appraisals, pay offs, and last minute liens you did not know about that were not on record an hour ago. Short sales. Fun and games. But we wear R's on our lapels...the hardest working letter in the the alphabet.