I have not heard of any positive experiences for buyers with short sales in our San Diego market. It is really hard for a buyer to get a good deal on these. They are usually asking top dollar for our market and it takes forever for the transaction to get done. On top of all that the buyer has to buy the property "As Is" so with our dip in the market it is too much work for not enough of a return for the buyer. I am steering all of my buyers from these because you can get your appraisal and inspections done and still be beat out by a higher bidder if you elect to go through with it. The bank will take the highest offer they get until the loan is funded.
