Larry is only going to give a few links about Bay County Real Estate and short sales in FLorida in general. Here they are (in no particular order):

http://www.sellerhelpsbuyer.com/Buy-Short-Sale/Buy-Short-Sale-Bay-Florida.htm

http://www.sellerhelpsbuyer.com/Buy-Short-Sale/Buy-Short-Sale-Florida.htm

http://www.sellerhelpsbuyer.com/Buying-Selling-Real-Estate-County-State.php

http://short-sale-real-estate.blogspot.com/2008/06/bay-county-floirda-short-sale.html

http://myfirstblog12.blogspot.com/2008/06/bay-county-florida-real-estate-short.html

http://zkt145.blogspot.com/2008/06/selling-short-sale-in-bay-florida.html

http://scientifichousing.blogspot.com/2008/06/bay-county-short-sale-news.html

http://shortstories321.blogspot.com/2008/06/finding-fun-short-sales-in-bay-county.html