Outline:
- Introduction: The number one complaint about short sales is the waiting game. Setting realistic expectations.
- Phase 1: Preparation (1-2 Weeks): Gathering the hardship package and tax returns.
- Phase 2: Securing a Buyer (1-4 Weeks): Finding a cash buyer willing to wait for bank approval.
- Phase 3: Bank Review (30-90 Days): The BPO (Broker Price Opinion) process and loss mitigation department delays.
- Phase 4: Approval and Closing (14-30 Days): Once the approval letter is issued, the fast race to the closing table.
- Why You Need an Expert: How a dedicated short sale Realtor speeds up the process by relentlessly following up with the bank.