The increasing adoption of short sales as a loss mitigation tool by investors is very likely to exacerbate the problem when you consider that short sales, unlike foreclosures (generally), are used as comparable properties for the purposes of property valuations used in refinances, modifications, and sales. Surprising to some, the 2008 vintage of conventional and Alt-A mortgages are performing nearly as poorly as their 2006 and 2007 brethren, which adds to the denominator of distressed homeowners further depressing values....