How long does a short sale take once the lender has reviewed our offer?

Sniper4321 asked:

My fiancee and I made an offer on a short sale property on June 23rd. The bank came back to us today with a contract addendum signed by them and the selling agent. Any idea on how long this process can take from today on? Any insight on the situation would be great though, because I am very unfamiliar with the whole process.

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