Downtown short-sale with impossible board

I am the listing agent for a short-sale in very well-known building. The deal is really one of those once a lifetime deals as there have been many obstacles such as multiple liens from banks and even from the federal goverment that we have had to get past. I have a very qualified buyer who with his attorney made the impossible happen and cleared the path for us to close. We submitted to the board... [more]

I am the listing agent for a short-sale in very well-known building. The deal is really one of those once a lifetime deals as there have been many obstacles such as multiple liens from banks and even from the federal goverment that we have had to get past. I have a very qualified buyer who with his attorney made the impossible happen and cleared the path for us to close. We submitted to the board my buyers application with supporting documents in November, 2015. It is now just about April, 2016. In between they have asked us for additional documentation which we provided. However, we still do not have the waiver and I am so frustrated that I had to come here and talk about it. It seems there are blurred lines when it comes to condo boards bylaws and I know I'm not the first to have encountered this. This board was supposed to have only 30 days but they keep pressing the restart button. The sale price is VERY good for my buyer so they are postponing the sale because one of the members of the board is also real estate agent for the building. This sale (although not comparable because it is a short-sale) hurts the ppsqf for the building. Although this sale is a fluke and not comparable thats what I believe is the hold up. [less]