I put in my offer on 9 Oct, I got "approved" for the short sale on 17 April, and then closed on 7 May. I had time and it didn't really matter to us about how long, but most people aren't in that position.

Funny thing, the realtor told us " be ready to close in a week" when we put the offer in on the "approved short sale".

I could not have afforded a house in my neighborhood if not for "short sale" (or half price homes as I see it).