Short sale...I have my financing in place?

Question

I submitted a short sale offer to a bank approximately 45 days ago (the seller's attorney put together a full package with hardship letter, financials etc.) The seller's bank is Flagstar Bank. They state that the file is still "in review". My question...I just received by "clear to close" from MY bank (countrywide). Will this fact speed up the decision making process with Flagstar ? Any info would be helpful.

Answer 1

no not at all--- just because you have a clear to close says nothing-- I hope you have not locked your rate as this could take another 45 days

Answer 2

I put an offer in for a short sale on January 24th and finally got an answer 2 weeks ago today.  I close on the property next Wednesday.  I could take a very long time to get an answer.