I was wondering how often this happens. Are certain lenders more stubborn than others. I found a place i might be interested and if the sale is going to go through it will definately be a short sale. Ive heard some banks would rather let the house go into forclosure that do a short sale. Anyone know statistics on this?

I dont know exact statistics or anything, but i do know that it can be alot of work trying to negotiate a short sale, especially when you have a day job. If this is too labor intensive for you you can hire someone to to the negotiation work for you. Negotiating with banks can be tough. Give it a shot and let us know

short sales can definately take time and money. Expect to be working on a short sale for 2-3 months. If the home is in need of alot of repairs, this can definately give you leverage and help you to succeed in a short sale. you also ave to be willing to close these deals quickly.

I don't have actual statistics, but I can tell you as a Realtor that has listed and sold several short sale properties that it is *entirely* dependent on the lender. Some are very open to working through a short sale, others are excruciating to deal with.

Sometimes it's even dependent on which person in the lender's loss mitigation department the loan is assigned to.