This property has a contingency contract on it. That means it is under contract to be sold, but there are some remaining contingencies that have to be met for the sale to be completed. Given this fact, it is always possible that this contract could still fall apart. It is a bank owned property rather than a short sale, and these do usually close.
If you would like more information on like properties, I would be happy to help.
Myke Triebold, GRI, LMC