My husband and I have been placing bids on short sales since 2007. In one case, we placed a bid in for a short sale ($1,000 over the asking price) and we were told the lender wanted $40,000 more. A few weeks later, that home was sold at an auction for $50,000 less than our offer. The first realtor we had discouraged us from short sales and did not follow up with the selling realtor (in my opinion). Last March we changed realtors and a few weeks later we placed another bid in for our house and we just closed last month. It took over a year to buy the house. Keep in mind that most of the time when you purchase a short sale it is sold as is and you may be required to pay a lein on the home. In order to purchase our home, we had to pay off the association lein. I wish everyone the best of luck when placing bids in for short sales. From my experience, there is not rationale in the short sales and you need to have an experienced realtor when trying to purchase a short sale. Good luck to you.