Hang in there sunny, I’ll be willing to wager that the recent short sale experience is much better than it was a year ago or even six months ago. My next door neighbor closed a few weeks ago on a short, until I met them, I was convinced the whole process was a myth. In 2007 and most of 2008, I fired off a number of offers on shorts, never even got any feedback until the end of 2008. I wasn’t the highest bidder in that case and six or seven months later they called and asked if I was still interested. I told them to perform a sexual act on themselves, they foreclosed shortly thereafter because all the people making offers had found something else and they listed as a foreclosure and got less than my original offer. I was happy about it because I wasn’t nuts about that house, but it seems they have learned their lesson and the timeline is quicker. My neighbor was moved in within 60 days, offer date to close and there was more than one loan and he was one of the backup offers. Just keep in mind, that everyone else is doing what you are doing by throwing out multiples on shorts with the intention of only buying one, so it’s not as competative as it feels when dealing with shorts. I’ve now seen a number of people successfully buy shorts so far in 2009, their patience paid off for them.
