What are the exact steps in a short sale?

Frodos Gal asked:

Can anyone outline the specific steps in a short-sale. I know NO 2 short sales are the same, but just a general outline of the steps that are taken would be helpful. I know I have to be patient, I have been waiting almost 6 months..I just want to know what happens from A-Z. Especially what happens after an appraisal has been done on the home. The seller’s bank just had an appraisal done 2 weeks ago. Thanks!

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