Info courtesy of Title Guaranty
 
Transaction issues in a short sale
 
Time limitations++++++++++Interest clock is ticking++++++++Property values are changing+++++++Buyer needs quick loan approval+++
Seller should consult tax advisor for tax ramifications of short sale ++++++++Repair issues can cause problems for both parties++++++++
Seller may be unableto come up with additional closing monies if needed++++++++++Escrow can't proceed without payoff and release
instructions from Seller's lender.