Of course, it is possible to make an offer on an owner occupied short sale with a notice of default, but special contracts must be used and specific procedures must be followed. For one thing, unlike a "normalâ€ transaction, the seller must be given a right of rescission after they sign the contract. I am very selective about which short sale properties I will list and which ones I will recommend buyers pursue. An owner occupied short sale with a NOD is only worth pursing if other conditions are met. Call me if you want to know more. As for being Canadian, it doesn't matter. Financing your purchase, however, may present certain challenges, but Yanks have them too. More money down, higher rate, etc. For these reasons, my Canadian clients tend to make all cash offers.