10-02-2011 03:01 PM
There are no "laws" anywhere that require a bank to accept a "short sale" - or even a "deed-in-lieu" As long as there is a large supply of houses on the market for sale - I suggest you find one that doesn't have any problems.
10-03-2011 10:45 AM
No, and really there are so many variables that every timeline the government tries to put out there to get banks to respond quicker will never work. So although the timeline have vastly improved over the past couple years you still have to be patient when making offers on Short Sales as they still take 3-6 months.