My advise to you is whether you are just curious or have a short sale to list or all ready listed, having an experienced team behind you should be top priority. I hope I was able to answer your very important question. It's been my pleasure assisting you. SIncerly, Renee Pflanz Coldwell Banker Primus 847-854-3639
I am basically a LISTING AGENT working with banks and mortgage companies, once the property goes through foreclosure.. I tell them at WHAT PRICE their properites will most likely sell. And they do sell.
Much easier to work with a property once it clears that process. you know right up front what the bank wants, and if you present a lower offer, I usually have an answer within 48 hours.
Here's a good short sale article. http://brandonschuppe.com/custom9.shtml