First property. Short sale

[Joshua Walker]

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Hey everyone.  I made an offer on this property yesterday and just received a call from my realtor letting me know that she is filing for an extension for the seller to respond to the offer.  She explained that the property is going to foreclosure and the bank is considering a short sell.  If the offer is accepted this will be my first property.  For all you investors that deal with foreclosures, is a short sale a good thing? I have no experience in this and want to make sure I'm not messing up.  Are short sales a good thing for buyers?