is this worth a shortsale?

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i know very little about shortsales. but i am wondering if this is worth pursuing. fyi i dont have much money. so how much money do i need ?

so i have a guy who really wants to get rid of his house because it is going underwater. he said he as 85k on his mortgage but comps run at 65k

hes been hanging onto it but owes more on mortage than house is worth

hes sole owner

2 bed

1.5 bath

900 sq ft

private septic

public water

no liens

Lot: 4,792 sqft

Single Family

Built in 1945

Heating: Forced air

Last sold: Sep 2005 for $105,000

i dont know what to do from here but i will figure it out. is short saling risky? do i need a lot of money? any other advice