Realtors doing shorts profiting??

[Jason F]

I have a realtor friend that is strictly focusing on listing homes with the possibility of negotiating shorts.

He's from Miami/Ft. Lauderdale which was the posterchild for over inflated home prices last year. Now it seems that banks are short selling properties like crazy in the area just to get them off the books. He is taking the approach of contacting the seller's. Introducing them to the idea of a short sale and negotiating it for them.

Just thinking about this, it seems like realtors that are doing this in the next three years are really going to profit in this market. It seems that as long as he can stay on top of his marketing to distressed borrowers and become known as the go-to-guy for shorts in a particular areas, he will stay busy.

Any realtors have any opinions on this?