Check out this link: American Land Title Association News
It appears that short sale approval turnaround time has shown a marked improvement recently. A year ago the process was estimated to take, on average, at least three months. The same process can now be completed in thirty days. Some will argue that the time frame had nowhere to go but up, but for those of us still practicing in this market, this is very good news as it appears short sales are with us for the near future.
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