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Very well said, great post. The only thing about short sales is that they take an enormous amount of time and effort to negotiate the short sale, process and close the deal.
As a professional short sale negotiator, our company Priority Short Sales, helps real estate professionals, including Realtors...
The owner shouldn't need permission to put the property up for sale, but if they want to do a short sale (where the sales price is less than the amount owned on the mortgages), than the sale would have to ultimately be approved by the mortgage holders.