The Listing Agent is advertising this home as a short sale fully approved. This would imply that the agent has already spoken with the lender and taken necessary steps prior to listing the property. However, it is ultimately up to the 3rd Party (the lender) to approve the final sale price once an offer is submitted. Here in our office we recently wrote an offer on a similiar home in this neighborhood that was also a short sale. The sale was approved by the lender for a very similiar price as shown on the home you inquired about. This villa is alot of home for the dollars. One word of caution, the tax bill will be higher as it reflects a much higher original assessed value and original sale price. You may have success getting the taxes lowered by filing an appeal based on the new appraised value and official settlement sheet after a purchase is made. I would welcome the opportunity to assist you with any additional questions or arrange for you to see this home at your convenience.