Short Sales: Are They Worth the Trouble?

short sale
short sale

For anyone who has braved the housing market in the past four years, short sales have become synonymous with high risk and high reward. But with so many discounted properties on the market today, are they really worth a buyer's trouble? Maybe -- if you have a lot of time and a strong stomach.

Yes, you can get a below-market price, says Dallas Realtor Loni Parmelly, who specializes in short sales, but it's going to take patience because these deals are slow and difficult.