Freddie Mac and Fanny Mae are now under federal regulation to expidite the short sale process. Once a FULL short sale packet has been submitted, you can expect a response within 30 business days. You will then receive weekly updates with clear requests for additional information. Once all required information is delivered a final decision will be made within 60 days. Several of the other major lenders are following suit.Additionally, Bank of America, Chase and others are offering monetary incentives to qualified sellers. With a hot market full of multiple offers, buyers should no longer shy away from short sales- now is the time to make that move.Get out and sell in the Bay!