http://leonagreenlow.point2agent.com/blogs/leona_greenlow-turner/archive/2007/04/29/short-sales-for-fun-and-profit.aspxThe definition of a short sale in real world terms would be: The seller has arrived in a situation where there is no equity in the property when they decide to sell. I am using a lot of license when I say &quot;decide&quot; to sell. If the seller hasenCommunityServer 2.1 SP1 (Debug Build: 61019.2)http://leonagreenlow.point2agent.com/blogs/leona_greenlow-turner/archive/2007/04/29/short-sales-for-fun-and-profit.aspx#555910Sun, 11 Oct 2009 19:17:11 GMTf735d87a-257e-4f62-9891-4406a95895eb:555910Mindy Gregory<p>If a buyer is not in a rush and they find a great home that is a Short Sale, they can avoid the headaches of multiple offers being submitted on Foreclosures or on &quot;regular&quot; sales for that matter. &nbsp;It is very important that the buyer be fully educated on the Short Sale process, as there is NOTHING short about a Short Sale. &nbsp;But with patience and continual updates on the short sale process, the buyer can end up a happy camper.</p>