From time to time, yes. Most people hear the phrase "short sale" and instinctively think of a seller that is insolvent and needs to sell their house fast to prevent further financial problems. This is at times the case and can be an opportunity for a buyer to do well from another's misfortune. Alternatively, a lender may consider a short sale even if the seller is current with their mortgage, but property values have fallen. In these cases the reduced price may in fact be closer to true market values, not below.
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