Our company has been offering in-depth training on short sales that I've attended...they go into great detail about whom to call, how to get to the person you need to speak to without ending up in the wrong dept, what documentation is necessary to speed the process up, and common pitfalls to avoid, etc.
Just to make sure of terms, do you mean quick sale vs. short sale? In a quick sale, you price the home a decent amt. below the most comparable homes that are active to draw more buyers your way. In a short sale, you will be unable to sell the home for the amount of money needed to pay off the remaining mortgage balance(s) when it closes and you may have to bring money to closing as a seller (depends on the situation). There are also tax implications to keep in mind since the amount of mortgage payoff that you're "short" is considered personal income and is taxable, so you could receive a 10-99 for it. You could also touch base with a lender to see if refinancing the home would be of benefit if you have an ARM...having a fixed rate may make it more manageable for you.
In a short sale situation, most lenders want documentation of about 3 consecutive mos. of hardship/late payments... but there are some tips that you'd need to know early on about what number to call (once payments are late, the 1-800 # on the form changes to the collections dept... which isn't who you want to talk to because their goal is to get the loan current...and once it's current again, the clock starts over on being able to do a short sale).
I lived in Cary for 7 years and have a home under contract currently that was listed in Lochmere. If you'd like current market info for your neighborhood as well as appreciation rate data, showings data, days on market information by price range, as well as list to sale price ratios, please let me know. I'd love to be able to help or at least put you in touch with folks who can help analyze your situation and help work out the best resolution for you.
Have a great day and a wonderful Thanksgiving!