There is no standard scenario ...

Fri, 10 Apr 2009 16:21:00 GMT

There is no standard scenario regardless of the state where you reside, type of loan, etc. As previously indicated, plan on it taking a lot of time, probably months, and be prepared that you may not get the house at all for numerous reasons. Some examples, you could still be outbid by another party, seller could change course and file for bankruptcy, the seller could surrender it voluntarily to the bank and they then choose to hold it in their portfolio waiting for market improvement.

You increase your odds of success tremendously by having professional help. Professional help meaning a veteran broker who knows this process, and or a reputable facilitator between you and the bank. Most people going this process alone typically do not succeed.

The bank will not counter, ...

Fri, 10 Apr 2009 16:04:00 GMT

The bank will not counter, The home owner will, and even the home owner accepted your offer, that is not mean the bank and the 3rd party (investor if any) will accept your offer. It take time.

Zillow Advice: Home Buying - I put an offer on a short sale home. Will we hear something soon?

There is no standard scenario ...

The bank will not counter, ...