I'm the buyers agent for a short sale that has a BoA first mortgage and a SunTrust Second. They had another buyer who waited a year and then walked when BoA came back with a price (never in writing). We jumped in as soon as it came back on the market because the house is just what we were looking for.  It's hard to get info out of the listing agent (partial language barrier) but today he called for my buyers partial socials and date of births to put into Equator so I could ask more questions. He said that SunTrust requires the approval from the first in the initial package that he send to him.  Does this sound right? He seems to think getting the second to accept once the first has said how much they'll give the second will be easy.  Anyone have an idea how long SunTrust takes to approve as a second lien holder?

Thanks, Sue