I agree with Dirk, definately get a good realtor. However short sales can be very tiresome and even frustrating most of the time. Somebody has to loose to have a sale. Buyer wants the cheapest price possible, seller is exhausted from mail, lender calling, door knocks rfrom the latest "investor" that just got some books and tapes on the subject or attended a "webinar".....not to mention the seller is emotionally a mess. The bank must loose in order to make a success here. We do something similar to what Dirk does. Manual labor compiling lists of vacant and bank owned homes. We separate them by area, price, footage and tour them constantly to understand each area. We also hold buyer and investor workshops at the Home Builders Association in Lake Oswego each month. If you would like to attend one check out the web site http://wholesalebuyerworkshop.com
and sign up. A couple of hours on the market, investment property, mortgages that work for each type of property and at the end we do a showcase of some of the best deals out there. Love to see you there, take care.