A year or so ago I was not a big fan of short sales as the banks just couldn't deal with what was going on and to get involved in one was not very productive for the buyers. Now things have definitely improved probably as much as they are going to as far as getting these properties closed. At this point there are certain short sale properties worth taking a shot at to try to get a good deal.
This improvement in the processing of short sales is also great news for sellers looking to get out of their properties. In my office we have a dedicated support staff to handle these type of transactions efficiently and as fast as possible.