The volatile economy has put a lot of short sale houses up on the market and when a home is declared a short sale the process isn't always something that's simple and it's doubtful a person uneducated in the ways of Nyack NY real estate would be able to complete a short sale transaction since they can be fairly stressful types of home sales. A short sale occurs when the present owner is unable to make mortgage payments and the bank that has control of the mortgage has agreed to sell the property for an amount that's less than the money owed on the mortgage.