Expect the unexpected, success of a short sale depends on type of loan,how many liens and much more. What else do you know about the property.

Don't do it.

As first time buyers, you're not prepared for the stress, hassle, uncertainty, and delays involved with a short sale. (Are you really looking forward to 3-6 months of negotiation which stands a reasonable chance of not even succeeding?)

Do yourself a favor. Work with a good Realtor. Find yourself a home you can afford that's being sold conventionally. Look into FHA loans. And if you can close by the end of November, you can qualify for the 10% tax credit for new home buyers. That time frame is doable with a conventional purchase. It's not with a short sale.

what is your spoecific question...we'll try to help

I'm sorry, I don't understand your question?