Two Lienholders - 2nd Just Approved!

[Tim Heindl]

Hello All!  First time poster here.

I put in an offer on a short sale property with two mortgage companies involved.  I am a first time home buyer and am a total novice when it comes to short sales.  A negotiator is involved who receives a commission if we reach a deal with the lenders.

I just received word from the negotiator that the 2nd mortgage company accepted what the 1st mortgage company offered them.  The whole process has felt pretty complex to me, but this seems like a big hurdle has been overcome.  Can anyone here with experience comment on what is left to accomplish at this phase of short sale negotiations?  Does this indicate we are close to closing?