Great question. I have had 2 that never closed. One I had the buyer for and the listing agent never got all of the paperwork over to the bank that was required and let the listing expire. The other one I had the listing on. The seller decided after ~4 months that she wasn't going to give financials to the bank because she had already given them when we listed the home. I had 4 offers pending on the house at that time. She told me to just let the bank foreclose instead of initialing and redating the original financials as the bank said she could do if there had been no change. Withdrew that listing the same day.
I have successfully listed and closed 3 short sales and currently have one pending which has taken longer to get through the bank than any transaction in the past. - Wed Sep 30 2009, 13:02