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Granted for buyers, short sales are a way to get a bargain.
 
But short sales can be anything but short. Unless homeonwers work with highly skilled short sale agents, buyers and sellers can get frustrated if the process is protracted, which may lead to the transactions simply getting abandoned. For upside-down homeowners, short sales are a way to avoid foreclosure. But for pretty much everyone involved, short sales are not a way to buy a house quickly.