Chances are the listing agent and negotiator tried a valuation dispute and it failed, and lenders won't budge on their minimum 90day requirements before doing a new appraisal on the property.
9 months wow this has probably already happened twice without you even knowing it. The other possibility is they are asking for a prom note from the seller or something. Regardless, your Realtor should know what is going on and tell you whether it is worth it or not.
Like I always say buyer's reps who do short sales better understand them as well. The hope and pray for 9months is unnecessary.
and NO you don't have any recourse.
Tell your Realtor to call the listing agent and demand an update, if no update or response is given I would take that as my answer and move on. Good luck.
Without knowing all of the details, it's hard to say. But, you do have the ability to make a decision and not let this thing control you. If you don't want to mess around with the short sale anymore, walk away. Just cancel the bloody thing and go out to find another property. Just know, that, if you are looking in a very conservative price range, you may run in to this scenario alot. If that's the case, you might want to ask yourself, "I'm in this far, do I really want to start all over again?"
Good luck, Wriggs84!!
Realtor, Associate Broker