Short Sale Approval after Arm's Length Affidavit is signedWe made an offer on a short sale and offer was based on the market fair value (we made the appraisal and it came back about 2K about our offer). It has been about 120 days, and according to the updates from the agents we received the approval from the "2nd lien holder" and we arenow waiting on the 1st to approve the sale. The file is now with the investors and, last week the investor asked all parties to sign the "arm's length affidavit", which we did. My question is: How long it usually takes for a small bank issue the approval letter after we sign the affidavit? Is there any chance of the short sale being rejected at this point? Is there anyway to expedite the process?August 20 2012 - Atlanta00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.