All, I have been reading this website and related posts for the last 30 days since our short sale process (we are buyers) has started. What a great site!

To summarize, we have not heard a word from the bank since all of the docs were submitted to NationStar through Equator a month ago. We have not been provided an update from the seller's agent or attorney either, although we have been in frequent communication with both. Is it time to follow up with the bank, or should we just wait it out? From what I keep seeing, once you make contact with NS, they usually speed up relatively quickly. I am also concerned because I have not even been asked to fill out a buyer pre-approval with NS, even though I keep seeing they are requiring that on all short sales. We are not in a rush and realize it can be a VERY long process, but I also want to make sure our file is not just dormant or held up for a stupid error or reason that could be easily corrected. Would contacting them help or hurt the process and relationship at this point? Below are some more details:

Our offer ($320K), buyer docs, and seller docs were all submitted through Equator (by the Seller's attorney) almost a month ago to date. We are also both (buyer and seller) using agents. As some additional background, the buyer, his attorney, and NationStar held a meeting the day before our offer was accepted to talk through the short sale process and review all offers (of which ours was accepted and processed). Our offer was approximately 68% of original mortgage from 2005 (not sure what remains outstanding), 92% of list price, and somewhere within $10-20K of market value based on comps and zillow estimates (i know this means nothing). Also, the seller has a second mortgage on the home (with Citi I believe). The home is in the South Florida area.

Any help would be greatly appreciated. Thanks in advance!

- Brian the Buyer