
Banking rules do NOT allow a homeowner to profit from a short sale. At closing you, along with all the parties involved, will be asked to sign an Arm's Length Agreement stating that you do not know the other parties, and that you understand that you, as the homeowner, are not allowed to receive any monies from the short sale.

There are some government programs, that you or your loan may be eligible for that allow up to $3K for moving expenses. We, of course, always inquire about these for the homeowner.