Is BOA required to follow short sale guidelines? I showed a property today that is a short sale listing. Later I learned that BOA holds the mortgage on the property and has told the listing agents that it will be 60-90 days before they will respond to an offer. It is my understanding that if a lender accepted bail-out money they have to abide by the government guidelines for short sales and render an answer within 10 days. Am I the one who is mistaken (it would not be the 1st time!!!) or is BOA thumbing their nose at the guidelines? Or do they have until April 5th to start complying and won't do it a day earlier? After all, don't they already have the bailout money in hand? All answers and opinions will be greatly appreciated!!!