Can short sales really take up to 8 years to close?

A house down the street from me was in pending since 2013. Prices have changed immensely since then. It was listed at $5m at the time. The house is now worth 12m. And it just closed for $5m.

The description of the listing said it was a short sale. Can short sales take that long to close?

submitted by /u/steviesesh
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A house down the street from me was in pending since 2013. Prices have changed immensely since then. It was listed at $5m at the time. The house is now worth 12m. And it just closed for $5m. The description of the listing said it was a short sale. Can short sales take that long to close? submitted by /u/steviesesh [link] [comments]

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