Question:

How long is the wait now? Short sale accepted by seller.

Answer:

That is a question that is better answered by the seller’s agent or the bank itself.  If the seller has submitted other offers to the bank there’s a good chance that it’s already “in process” and assigned to a loss mitigation rep.

The seller of the home does not really have much say as far as “accepting” the offer.  Many times, a short sale is a tactic used by homeowners to delay foreclosure and live in the home for a longer period of time.

If you have a real estate agent working with you, have them communicate with the sellers agent and determine whether or not the bank is being cooperative.

Good luck!  Short sales are all over the place in how they play out - every bank is dealing with it differently.