Due to the recent economic climate, lenders now appear more willing to consider Shrot Sales over Foreclosures than they were just a few years ago. While Short Sales have the potential to be more favorable than a Foreclosure for both the seller and the bank, Short Sale transactions are complex and present their own set of challenges on both sides of the transaction.
from: Shawn Dauphine-Houston Realtor Magazine
Make sure you are working with a Certified CDPE which can potentially lead to less complications, a shorter time period, understanding the additional paperwork needed and less delays.