It seems that the buyer on a short sale decides to walk away. After waiting months for a decision, impatience wins, and the buyer walks.
I heard this week that most marathon participants give up somewhere around mile 20 or so. Out of the 26.2 miles, even many who have trained for years, reach a point of stopping - giving up.
Short sales are not as physically demanding as a marathon. But the short sale race begins much the same way - enthusiastic, optimistic, ready for the long haul.
But the enthusiasm wanes with each step along the way to the finish line at the closing table.
If you are considering selling your Viera, Florida home, call me for a free market analysis.