Creating a short sale?

[Dennis Yosco]

good afternoon BP,

Looking to see if anyone here has ever "created" a short sale. I have 2 leads that are solid homes but they owe more than I can pay. At their current state they are worth less than what's owed and still need repairs to boot. So what Im looking to do is see what the steps I can take to help get them out of the property, let them walk away with some cash and I get the house with room to play.

Has anyone done this before, if so how. Im in Northern NJ if that matters.