I want to give encouragement, where encouragement is due.  This is one of the best lenders to work with on short sales.  They can, if the offer is good, get through the entire process in 30 days or less.

Another lender who is efficient in their process, is AHMSI formerly Option One.  It was almost impossible to get a short sale approval from Option One before the change took place.  Isn't it funny what a little re-organizing can accomplish? 

Take comfort in knowing that the process is speeding up (just a tad) but that it is still a very viable option for homeowners who do not qualify for loan modification.