Looks like a good deal to me, but.........

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I have a home in the Charlotte NC area that is going for $139k. Im looking at 2,500sqft with appliances in the house in good condition. The cashflow is sitting around $911 a month. The house is amazing.

The issues is that the seller is attempting a short sale. The deal has fallen through twice in the past 1 1/2 years. This makes me nervous as I don't want my money tied up in escrow for 6 months just to find out he got approved for the short sale but declined to accept the remained as an unsecured loan. I do not know yet why the deals fell through (agent is looking that up now). But its either the seller was approved for the short sale and then decided he didn't want to remainder as another loan, or the short sale was denied.

Any suggestions on this?