Has anyone in Florida been able to get their short sales closed in under 3 months? If so, which lenders are you dealing with? It seems, as of late, that the process has drug to an incredibly slow rate.
We currently have 2 short sale offers that we have been chasing for over 8 months. It is in no way the fault of the owners in our situations as we have spoken to them and they did indeed sign the contract, quickly. It is all the fault of the banks. BOA is the lender on both properties. In 2009/2010 in has taken no less than 5 months to close a short sale property whereas REO's are taking 40 days or so.

Of the 40 offers we placed on short sales in 2010 not a single one closed.

Our experience with these properties. Find it, assist the owner in getting the house listed with a realtor if not already and placed on MLS, present offer to owner through realtor and have realtor submit offer to bank, mail in hardhip letter and short sale packet to bank, sit back and wait until I nearly die. Bank performs BPO, uses our offer as starting point for negotiating with other buyers and rejects our first offer, we counter offer and wait another 30 days. Bank says that it has been over 3 months a new BPO is performed, a new contract is signed and sent to bank , a new proof of funds letter is sent. The merry-go- round of: offer/wait/new BPO/new contract/new proof of funds/wait, is never ending.

Anyone doing it differently?