Buying foreclosure

[Kristine Corneiller Stein]

We moved into a rental that our realtor arranged for us through a client who was in default with her mortgage. Our intentions were to be short term but instead we decided we loved the area and wanted to short sale, as offered. We are finding out that it is too late for short sale and house is in definate foreclosure. We are first time home buyers and are not well-versed in this area of knowledge yet but are scrambling to learn. Can anyone offer any advice, please?