Here's the link for the NY TImes article;
Since short sales can take a long time to close, those buyers may not be able to take advantage of the tax credit either. Time is truly of the essence.
I am not showing Short Sales to my Buyers trying to get the tax Credit unless, I am talking to the list agent in advance to find out if there has been some positve communication with the bank, how many SS lenders are involved & who they are, and if the agent is skilled in presenting Short Sales.
Even if we put in an offer on the SS, we are continuing to look.