Majority of Realtors understand the Short Sale process can take 90 days or longer to close.

Recently, we`ve received a rash of Realtors who continue to send us offers for our SHORT SALE listings, with closing dates which become unattainable.
It`s impossible to have a closing in 30 days or less with contingencies.
That being said an offer came to our office yesterday with a closing date of 20 days.
I wish we could accommodate the buyer, the lenders are not capable of moving this rapidly, which is one major headache in itself.
I`m not in any position to "MOVE THE MITIGATION" departments because they can take up to 72 hours to return a call.
We called the buyer`s agent and naturally, they weren`t aware of the amount of time necessary to close.
With "Foreclosures and Short Sales" on the rise, you would expect the lenders to have their collective committees streamlined and ready to react to any and all offers.
The system is in dire need of a major overhaul, whether it`s inside their intuitions or privatized.
In the meantime, I continuously feel like a gun is placed to our heads each time an offer arrives....