The market is still chok full of short sales. These homes can be purchased with a discount. However, there is no rhyme or reason why a short sale will take so long. Some short sales will take just a few months with few bumps. Others will take months and months and at the end the short sale lender may not want to sell. More on this later...

Just make sure to have an experienced agent versed in the inner workings of short sale before you takle a purchase....