If a foreclosure has been filed or the seller has declared bankruptcy, most lenders will not approve the short sale. Also, if the home has two loans, it is very difficult to get approved from both lenders as the second lender will usually stand no chance of getting anything in return from the sale.
HIRE AN EXPERIENCED SHORT SALE AGENT
An agent with experience
in dealing with short sales is of vital importance. A good real estate agent
with a history of tackling unforeseen problems during short sales will be worth it even if you have to pay a higher commission than normal market rates.