For a short sale to go through you need to show hardship - too small of a space is not a legitimate hardship. Short sales aren't not an easy process. They can take from 60 - 180 days to process. They are tedious and put a ding on your credit and will prevent you from buying a house for 2 years, even with the promissory note. Most banks aren't requiring a promissory note because of the hardship that is shown.
I am a REALTOR that deals with this on a daily basis - it is not a short term fix by any means.
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