Just when you think it's time to pack it in on an offer for a short sale just hurry up and wait. I placed an offer for a buyer of mine back on the first week of September and I had kept in contact with the listing agent but there has been no movement since then. The mortgage that the seller has even got sold off to Countrywide back at the end of November.
I recently began calling the listing agents office last week for some type of update. Anything at all. I was taking yet another short sale class yesterday and I received a phone call from the listing agent. She wanted me to meet the appraiser for the sellers side this morning for him to do the appraisal. I was thrilled. Finally! Some movement.
So just when you are about to give up there is light at the end of the tunnel. Wait it out. Just advise your client ahead of time that they may have a wait ahead of them. A lot of times it is well worth it for the price that they will be paying.