Short Sales can be a win-win-win situation for Buyer, Seller and Lender. Here's How:
1. The Seller gets out of the mortgage liability without facing Bankruptcy/Foreclosure, and the associated blemish on their credit report.
2. The Buyer purchases the home at a reduced price since short sale listings are aggressively priced to sell.
3. The Lender agrees to a loss it considers minimal without costly forclosure. The last thing a lender wants is to own real estate, pay taxes, utilities and upkeep
I hope this helps,