Short sales can be a lot longer process, but it doesn't always mean it's a waste of your time. I have seen some really good deals come off of short sales, but the process can be very exhausting and frustrating for buyers. Make sure you are patient and have your broker get some basic information before ever writing on a short sale. I would have them find out how many mortgages are on the property and with whom. If there is only one mortgage, or two mortgages with the same company you probably have a good shot of getting a deal done. If, however there are two mortgages with different companies it is going to be more difficult. You can also check to see if there are any construction liens or any other types of liens on the property as well. The more people you have to pay off the harder it's going to be to negotiate a deal. I would also find out if the listing broker on the short sale has established a relationship with the bank yet, or started any negotiations. Happy house hunting!