From Puget Sound Business Journal
When her Edmonds condo went on the market, Mindy Moore thought she had managed to avoid foreclosure.
Moore listed the home in Edmonds for about $30,000 less than she owed on the mortgage. She thought the “short sale” agreement signed with the bank meant the bank would absorb the loss.
Then she discovered [...]

This is a followup to the Countrywide Short Sale Secret post.
The saga started with an offer to Countrywide in January, 2008 with an offer maybe a little low in comparison to area comparable sales, but within reason.  That offer was rejected.
Property was purchased by the sellers in August, 2006 with a first and piggyback second [...]