Short Sale Myth # 1: That there is anything typical, standard or normal when it comes to getting a Short Sale approved?
No, “typical” is not in the vernacular for these transactions.
The bank is the power broker in Short sales. They can respond to an offer any way they want. “They may counter at a much higher price and demand a cash payment from the seller. Or not. They may take weeks or they may take six months. They may approve a way below asking offer, or require a hundred thousand over the asking price. Forget the idea of standard, when it comes to a short sale.”
Short Sales can either be torture or easy, there is no way to tell.