A home that is offered subject to a short sale means simply that the property owner is either behind on payments or is upside down with their mortgage. These transactions can take upwards of 6-9 months to complete. So if you have the time, then this may be an opportunity for you get a very attractive deal on. You’ll be negotiating these transactions essentially through the bank that holds the primary mortgage on the property. If you’re an investor, these homes can be worth the wait if you’ve got the time to be patient.