65% of the original buyers walk before the short sale is approved.
35% of the original buyers walk after the short sale is approved with a counter offer from the bank. :))))))))))))))))))))))))))))
theJORYgroup @ Keller Williams Realty
Not sure anyone has tracked the percentages in any grand way, but you've gotten some good info below - one lender deals have a much better chance to close than multiple lender ones do, but as also pointed out below a good percentage of buyers just get tired of waiting.
The other thing that can make a big difference is how much experience the agents/brokers on both sides have with short sales. An agent who has experience and properly sets expectations on the front end will likely have buyers more prepared for the process and thereby more likely to close.
Lance King/Owner-Managing Broker
An hour or two of homework can make a difference in the outcome of your transaction. I would rather spend the time up front than have a cancelled escrow 5+ months later!
Dave & Lisa