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There are a lot of incompetent REALTORS in business. That is my first observation. Second is that with short sales the process is very complicated and very, very long. You are dealing with bank employees who probably have no authority to make a decision, they get their check every payday no matter what and they have no sense of urgency.
Your contract should have the phrase: "time is of the essence" but banks don't abide by the contracts. I agree with the other post that 48 hrs should be more than enough time to respond. If you are dealing with a normal foreclosure then things should move more quickly but short sales are a different animal.
You wanted to laugh so here is a situation when we helped a couple from NYC buy a house in FL. A lot of things happened with this transaction but the one that stands out is we got to closing and the closing agent asked them for their bank check. They pulled out bank checks made out to the mortgage company and not the title company! Needless to say that really delayed things!
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