oh my lord, I hate to tell you this, because my experience was not successful, but when I was attempting a short sale purchase, I was dinked around for over 4 months while the bank made their decision. Come to find out, our offer was only 2k or 3k less than what was owed on the house, so god only knows why they didn't jump at approving the sale so they didn't have to mess with foreclosure and attempting to sell the house themselves, but we eventually did not renew our offer and are now looking elsewhere. If you have time, you can save some money, but if you are in a hurry to move, I would be leery.
at 6:07 PM on Jun. 27, 2011