Here you will find all the homes in Federal Way that are short sales. Unfortunately, our MLS does not differentiate between approved and non-approved short sales. Yet. So the only way to know if it is an approved short sale is to read the marketing remarks. If you are are buying a home in Federal Way and you have time on your side and are looking for a good deal- then take a look at a short sale. It generally takes about 2-4 months from submitting an offer to receiving an approval letter. There are some ammazing opportunities for home buyers here in Federal Way.