Short Sale Buying Strategies?

[Mike Barry]

I was hoping to get some advice from those who have invested successfully in short sales. I tend to not like to have to wait 60 days or more for a response from a bank that often even then takes much longer. 

I'm looking at a property that is priced very low, and I feel it might be only to attract buyers. If I really want this property do those who have experience in short sales would it be best to offer full asking price and put the ball in the banks court? Do people find often that with under priced short sale properties they are just trying to reel in offers? 

I have two short sales in particular I am looking at. One is new to the market the other has been for sale for almost 2 years! 

I'm curious to see others would plan for! Thanks!