Short Sale

The main property we are looking at tomorrow is a "short sale".
I did not realize it was an official real estate term ...
I just assumed this meant that the bank was looking to sell quickly.
It is actually the step just below foreclosure for the seller.

Just read a few articles to better understand "Short Sales":
Short Sale - Buyer & Broker Beware!
and What the Heck Is a Short Sale?

Other articles on other sites: Before You Buy a Short Sale
Short Sales Are No Bargain for Buyers: 11 Reasons for Not Buying a Short Sale
The new exit strategy: A short sale (Businessweek article)
Sold up short: How to Succeed at Short Sales

My head is swimming now. So much information to digest.
Got a call in to my (mortgage) bank. And a call into our realtor.
Want to understand it better before seeing property.