Here is a brief description of real estate short sales. The definition from Realtor.org says "A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt." If you have any questions call, text, email, send smoke signals and I will answer.