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Lender NegotiationsAfter you present the package of information to the lender regarding the short sale that contains all the pertinent documents, you are then going to have to follow up with the lender. Chances are that they are going to take a while to give you an answer with regard to the deal. The average time span between the time you submit the package to the lender and when you get an answer is 60 days.If you are a good investor and are offering cash, you will get preference over someone who is offering to buy the property with a mortgage. Even with a pre-approval letter, a lender would rather deal with a cash sale. However, this should not put you off from trying the short sale with financing. The lender has three options with regard to your proposal of the short sale. These are the options:• No Deal• Yes, Lets Close• Yes, at a higher price