Got a lead in a short sale, whats the best route?

[Sergio B.]

Homeowner is paying a mortgage of 170 K, property real value is 60 k- 80 k.

No missing payments, however now they are decided to get rid of the property, and do a short sale.

Whats the best route as an investor? go by the regular short sale process?

I heard some investors deed the property to themselves, and then try to negotiate with the bank as them as owners.

Anyone using that technique?