Joseph,
The advice about the bank-induced frustrations of a short sale are correct and if you're not in a position to wait a long time while the bank moves in its usual sloth-like condescending fashion, then look elsewhere.
Meanwhile, I'd say that you are in the driver's seat because it is now a BUYERS MARKET. If your agent isn't doing everything she can to get you the best value for money, then dump her immediately and without regret. For another house, try dealing only with the listing agent (so there is only one middleman in the transaction, not two).
And of course, the simplest deal is with a person selling their house without an agent (i.e. no middlemen, no commissions, no waiting for someone to call you back, ad infinitum, ad nauseam). - Sun Jun 28 2009, 10:51