Short sale verses regular sale?

I m looking at buying my first home through a short sale. I am wondering approximately How much cheaper I could get the house for verses just buying a regular listed home.

The house I m looking at has been sitting empty for a year now. It s still not foreclosed upon. What my realitor told me was the family took out an additional mortgage on the home (more than the home was worth) and went under.

The house was last bought for 150,000. What can I expect to get off of this property? Is the potentiomal closer to 20,000 grand off? 60,000? Or 5,000?

Any advice helps. Thanks.

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