I want to say thank you to HSBO for a fast approval. You hear so many bad remarks about the banks but they have been great.
I sent in an offer with the packet for a short sale on a Sunday afternoon, got a call Monday night 7:45 and had the BPO done Wednesday morning. The next Monday, they called to tell me the file had gone to approval department and I would know in 2 weeks. I called the the Friday before they said to and they had it done. A total of 3 weeks and we are good to go.
Here is some other information that I didn't know about, Bank of America is working with Equator.com to get their approval of short sales done faster. The home owner has to ask to be put in the program and then most of it is done on line. You can see what papers have been sent in and what they need to be done. I am just getting started with it, but what I have seen, has impressed me.
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