What is a Short Sale?

A short sale, in short, is a lender taking a loss to avoid larger costs. It is neither the lender doing the homeowner a favor nor an easy way out for the home owner, but a process enabled by the real estate professional and homeowner when they are committed to avoiding foreclosure. It can be linked to a circus, under a not-so-big top in which the animals and acts do not seem inclined to respond to the skilled direction of their leader, the real estate professional.