A short sale is defined as a pre-foreclosure residential transaction where the owner of the mortgage loan and the lender agree to allow the home owner to sell his or her property for less than -- or “short” of -- the outstanding amount owed on the mortgage loan, and to release the property from the mortgage. If you owe more on your property than it is actually appraised for, then one of your options is to short sell and avoid foreclosure. Call us to see if we can get you qualified for a pre-approved short sale.