A couple days ago a bill was submitted to put a deadline on how many days a bank can respond to a short sale.... 45 days.  This would be great news if the bill passes.  I will keep you informed. 

According the REO insider:

The National Association of Realtors (NAR) is supporting the bill, H.R. 6133, “Prompt Decision for Qualification of Short Sale Act of 2010.” It was filed Sept. 15 by U.S. Reps. Robert Andrews (D-N.J.) and Tom Rooney (R-Fla.). The bill was referred to the House Committee on Financial Services on Wednesday.

Derek Gutting, The Gutting Group, Keller Williams Realty, www.GuttingGroup.com