Zillow Advice: Home Ownership - why does a short sale too so long to close? http://www.zillow.com/advice-thread/why-does-a-short-sale-too-so-long-to-close/276624/ Zillow Advice | Zillow Real Estate Part of the reason for this ... http://www.zillow.com/advice-thread/why-does-a-short-sale-too-so-long-to-close/276624/ Part of the reason for this is because the banks are so over loaded with properties, that a single person may be overseeing as many as 200 at one time. &nbsp;Additionally, as offers come in, they are put into piles of "possibles" and "rejects". &nbsp;Based on the day to day fluctuations in bank assets, different offers are accepted and denied, and it really does vary on a day to day basis. &nbsp;If offers come in too low, it may just take awhile before the banks <a href="http://www.zillow.com/mortgage-glossary/Assets/">assets</a> would justify accpeting an offer that low.<br/><br/><br/>Also, if an agent does not send in all of the paperwork (they are not always given everything that is actually required), that will severly delay the process. Tue, 08 Sep 2009 23:08:00 GMT http://www.zillow.com/advice-thread/why-does-a-short-sale-too-so-long-to-close/276624/ 2009-09-08T23:08:00Z