“Most of the homes we looked at ended up being short sales,” she said. Not surprisingly, the couple ended up buying their dream last month, a 6,000-square-foot home with all the bells and whistles, via a short sale at a sizeable discount in South Jordan.

In Salt Lake County, for example, nearly one-quarter of all residential listings are short sales, which involve properties being offered by those who owe more than their properties are worth, known as being under water.

via Cumbersome short sales often the only route for a home seller in trouble | The Salt Lake Tribune.

Interesting times, when I hear comment like above on a daily basis. All I have to say is don’t always beleive it. There are some great deals out there, and the best thing to do it get a hold of a true professional that knows exactly what they are doing. They will help point you in the right direction. To often these articles don’t pain the entire picture..