You can absolutely get out of the short sale. At this point you have not agreed to sell the home. Have your Realtor withdraw the offer if it has already been submitted to your bank. If it has not been submitted to the bank just cancel your listing contract. The bank will continue its foreclosure process and with proper planning you can get the time you need in the home to save money. Please feel free to set up a time with us to discuss all of your options.
Allison Moscato, Esq.
John Roberts & Associates, P.A.
1053 Maitland Center Commons, Suite 100
Maitland, FL 32751
Be careful of owing a commission to a realtor who has "produced a ready, willing, and able" buyer.
Then you will have to list the realtor in your bankruptcy petition as well.