Yes, the property is a Short Sale which in general, takes longer to close. Most Short Sales take longer to close than a conventional sale because there is a negotiator assigned to the file. That alone can take months to get done. Also, a delay can be because there is both a first and a second mortgage on the property, both of whom want to be paid. If the first and second are with different banks, the stall can eternal and the home usually goes into foreclosure at some point.
If you have any other questions or need more information, let me know. It would be an honor to work for you.
All the best,
Kenneth Schrier Real Estate Group
Cell - 707-529-4819