{"id":286926,"date":"2026-04-18T02:47:59","date_gmt":"2026-04-18T06:47:59","guid":{"rendered":"https:\/\/www.houzeo.com\/blog\/?p=286926"},"modified":"2026-04-18T08:54:26","modified_gmt":"2026-04-18T12:54:26","slug":"what-is-a-short-sale","status":"publish","type":"post","link":"https:\/\/www.houzeo.com\/blog\/what-is-a-short-sale\/","title":{"rendered":"What Is a Short Sale? A Buyer&#8217;s Guide to Score a Deal!"},"content":{"rendered":"\n<p id=\"what-is-a-short-sale-in-real-estate\">Feeling priced out of today\u2019s housing market? You\u2019re not alone. With the median US home price over <a   href=\"https:\/\/www.houzeo.com\/housing-market\" target=\"_blank\" rel=\"noreferrer noopener\">$321k<\/a> in 2026, buying a home can feel impossible. So what&#8217;s a short sale in real estate actually? A short sale is a real estate opportunity to buy a home below market value.<\/p>\n\n\n\n<p id=\"what-does-short-sale-mean-for-a-buyer\">A short sale house is often <a   href=\"https:\/\/www.straightupchicagoinvestor.com\/blog\/short-sales-in-real-estate-a-golden-opportunity-for-investors#:~:text=Discounted%20Properties%3A%20Short%20sales%20offer,below%20the%20property's%20market%20value.\" target=\"_blank\" rel=\"noreferrer noopener\">10%\u201330%<\/a> cheaper than traditional listings. Though they\u2019re less common, it is considered a smart way to score a deal if you\u2019re patient with the short sale process. Short sale may be confused with foreclosure. A short sale needs bank approval while, foreclosure is involuntary and conducted by the lender.<\/p>\n\n\n\n<div class=\"wp-block-houzeo-takeaways-list takeawaysSec\"><p class=\"headKeySec\"><strong>Key Takeaways<\/strong><\/p><ul class=\"listing\"><li>Short sale happens when a home sells for less than the remaining mortgage.<\/li><li>It can be a chance for buyers to get properties below market value.<\/li><li>The process takes longer and requires lender approval before closing.<\/li><li>Sellers avoid foreclosure, while buyers often gain instant equity.<\/li><li>Patience and expert guidance are key to a successful short sale deal.<\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-25\" id=\"what-is-a-short-sale-in-real-estate\"><strong>What Is a Short Sale?<\/strong><\/h2>\n\n\n\n<p id=\"what's-a-short-sale-real-estate\">When a homeowner sells their house for less than the amount they owe on their&nbsp;<a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-a-mortgage\/\" target=\"_blank\" rel=\"noreferrer noopener\">mortgage<\/a>, it is called a short sale. It occurs when financial difficulties strike an owner. In some cases, either the difference is forgiven or the buyer has to arrange for the amount due.<\/p>\n\n\n\n<p id=\"short-sale-vs-foreclosure\">The three main parties involved in a short sale are the lender, the homeowner, and the buyer. A short sale requires the lender&#8217;s approval, as they have to accept the proceeds as full payment on the outstanding loan. This allows the homeowner to avoid foreclosure.<\/p>\n\n\n\n<p id=\"short-sale-definition-real-estate\">Here is an example to help you understand what does short sale mean on a house. A homeowner, John, sells his\u00a0$250k\u00a0home to cover a\u00a0$300k\u00a0mortgage with the bank&#8217;s permission, &#8220;shorting&#8221; the $50k difference to avoid a forced seizure.<\/p>\n\n\n\n<div class=\"wp-block-custom-accordion custom-accordion margin-top-15\">\n<div class=\"wp-block-custom-accordion-item accordion-item\"><button class=\"accordion-header\"><span class=\"accordion-title\">What is a short sale in real estate?<\/span><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" class=\"accordion-icon\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/flat-fee-mls\/faqArrow.svg\" alt=\"toggle\"\/><\/button><div class=\"accordion-content\">\n<p>The definition of\u00a0short sale\u00a0is as follows. When a lender lets a homeowner sell their property for less than the mortgage balance to settle the debt and avoid foreclosure.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading margin-top-25\" id=\"how-short-sale-real-estate-properties-qualify\"><strong>When Does a Home Qualify for a Short Sale?<\/strong><\/h3>\n\n\n\n<p id=\"short-selling-definition\">For a home to qualify, for a short sale, the homeowner usually must:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li id=\"short-sales-mean\">Prove a financial hardship, such as job loss, medical bills, or divorce.<\/li>\n\n\n\n<li id=\"selling-short-definition\">Show no significant assets or savings that could cover the debt.<\/li>\n\n\n\n<li id=\"define-short-sale-home\">Have the home\u2019s value confirmed by the lender as being lower than the mortgage balance.<\/li>\n<\/ul>\n\n\n\n<p id=\"what-are-short-sales\">If these conditions are met, the lender may allow a short sale to avoid foreclosure and recover part of the short sale loan.<\/p>\n\n\n\n<div class=\"wp-block-custom-accordion custom-accordion margin-top-15\">\n<div class=\"wp-block-custom-accordion-item accordion-item\"><button class=\"accordion-header\"><span class=\"accordion-title\">What happens if a home is not passed for short sale?<\/span><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" class=\"accordion-icon\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/flat-fee-mls\/faqArrow.svg\" alt=\"toggle\"\/><\/button><div class=\"accordion-content\">\n<p>If a home is not approved for a short sale, the lender initiates a foreclosure to seize and sell the property legally at auction. Alternatively, the homeowner may be offered a &#8220;Deed in Lieu of Foreclosure&#8221;, where they voluntarily hand over the title to the bank to settle the debt.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-25\" id=\"how-do-short-sales-work\"><strong>How Does Short Sale Work in Real Estate?<\/strong><\/h2>\n\n\n\n<p id=\"short-sale-home\">In real estate, a short sale works through a coordinated effort. A distressed homeowner and their lender aim to settle a mortgage for less than the total balance.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li id=\"what-is-short-sale-in-real-estate\"><strong>Homeowner Proves Hardship:<\/strong> The seller documents financial distress and shows the home&#8217;s value is lower than the mortgage balance.<\/li>\n\n\n\n<li id=\"definition-of-short-sale\"><strong>Lender Grants Permission:<\/strong> The bank reviews the seller&#8217;s &#8220;short sale package&#8221; and agrees to consider offers for less than the full debt.<\/li>\n\n\n\n<li id=\"define-short-selling\"><strong>Property Hits the Market:<\/strong> The home is listed for sale, typically labeled &#8220;subject to bank approval,&#8221; to find an outside buyer.<\/li>\n\n\n\n<li id=\"whats-a-short-sale\"><strong>Bank Reviews the Offer:<\/strong> Once a buyer is found, the lender conducts its own appraisal to ensure the price is fair before giving final consent.<\/li>\n\n\n\n<li id=\"short-sale-homes-for-sale\"><strong>Debt Settlement &amp; Closing:<\/strong> The bank accepts the sale proceeds as payment, the lien is released, and the seller avoids a formal foreclosure.<\/li>\n<\/ol>\n\n\n\n<div class=\"wp-block-houzeo-pro-tip-box wp-block-houzeo-grey-text blue-box-content-list pro-tip-blue-box\"><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" src=\"https:\/\/www.houzeo.com\/blog\/wp-content\/uploads\/2025\/10\/pro-tip-icon.png\" alt=\"pro tip icon\" class=\"pro-tip-icon\"\/><p class=\"pro-tip-text\"><strong>Pro Tip<\/strong> <span>Request a&nbsp;waiver of deficiency&nbsp;in the bank&#8217;s approval letter to ensure they cannot legally pursue you for the unpaid balance after the sale.<\/span><\/p><\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-25\" id=\"short-sale-in-real-estate-vs-foreclosure\"><strong>Short Sale vs Foreclosure &#8211; What is Different?<\/strong><\/h2>\n\n\n\n<p id=\"what-does-short-sale-mean-in-real-estate\">People often confuse these two, but they are different. A short sale is when a homeowner sells the property for less than the mortgage owed with lender approval. On the other hand, <a   href=\"https:\/\/www.houzeo.com\/blog\/foreclosures\/\" target=\"_blank\" rel=\"noreferrer noopener\">foreclosure<\/a> is when the lender seizes and sells the property after missed payments. Let\u2019s dive deeper into the differences between a short sale in real estate vs. foreclosure.<\/p>\n\n\n\n<figure id=\"short-sale-meaning\" class=\"wp-block-table\"><table><thead><tr><th>Short Sale<\/th><th>Foreclosure<\/th><\/tr><\/thead><tbody><tr><td>Home is sold for less than the mortgage balance with lender approval.<\/td><td>Lender repossesses the property after homeowner fails to pay mortgage.<\/td><\/tr><tr><td>Initiated by the homeowner requesting to sell.<\/td><td>Initiated by the lender filing for foreclosure.<\/td><\/tr><tr><td>Homeowner has some control over the sale process.<\/td><td>Homeowner loses control; property is taken by lender.<\/td><\/tr><tr><td>Less severe impact on credit; may stay on credit report for 2\u20133 years.<\/td><td>More severe impact on credit; it can stay on the credit report for 7 years.<\/td><\/tr><tr><td>Can take several months due to lender approval.<\/td><td>Typically faster once the process starts, but varies by state.<\/td><\/tr><tr><td>Usually 10%\u201330% below market value.<\/td><td>Sold at auction or by lender, often below market value.<\/td><\/tr><tr><td>Potentially lower financial and emotional cost for the homeowner.<\/td><td>Higher financial and emotional cost due to loss of home.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-houzeo-grey-text blue-box-content-list underlined\">\ud83d\udc49<strong>Remember<\/strong>: Both options impact <a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-a-good-credit-score\/\" target=\"_blank\" rel=\"noreferrer noopener\">credit scores<\/a>, but short sales are generally a less damaging alternative for homeowners compared to foreclosure.<\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-25\" id=\"how-do-short-sales-work\"><strong>How to Buy a Short Sale Home?<\/strong><\/h2>\n\n\n\n<p id=\"what-is-a-short-seller\">Knowing how to purchase a short sale house house is different from a traditional real estate purchase. Here are the 5 steps on what a short sale is. Followed is how a short sale works for a home buyer:<\/p>\n\n\n\n<p id=\"what-is-a-short-sell\"><strong>1. Get Pre-Approved for a Mortgage:<\/strong> Getting pre-approved for a mortgage is the first step you should take. This shows the seller that you are financially ready and serious. Additionally, it gives you a clear idea of your budget for the purchase.<\/p>\n\n\n\n<p id=\"short-sale-process\"><strong>2. Find a Suitable Property:<\/strong> Work with a short sale real estate agent. They will help you with the properties listed as short sales or pre-foreclosures. Always research the home\u2019s <a   href=\"https:\/\/www.houzeo.com\/blog\/what-is-fair-market-value-and-how-to-find-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">fair market value<\/a> and condition to avoid overpaying or missing hidden issues.<\/p>\n\n\n\n<p id=\"short-sales-homes-for-sale\"><strong>3. Visit the Property:<\/strong> Once you have found a property, make sure to pay a visit. Being on site helps to know more about the location, the actual dimensions of the house and its overall feel. Check for access to basic needs and amenities to ensure a comfortable living experience. <\/p>\n\n\n\n<p id=\"how-to-buy-a-short-sale-home\"><strong>4. Submit an Offer:<\/strong> Once you find your home, you can proceed to submit your offer to the seller&#8217;s agent. The seller may accept, reject, or make a counteroffer. In case the offer is accepted, it goes to the seller&#8217;s lender for approval, since the final decision rests with the lender.<\/p>\n\n\n\n<p id=\"short-sale-realtor\"><strong>5. Wait for the Lender\u2019s Approval:<\/strong> After receiving your offer, the seller&#8217;s lender initiates a home appraisal or broker price opinion. It usually takes a few weeks, but it can take months as well. While you wait, conduct a <a   href=\"https:\/\/www.houzeo.com\/blog\/home-inspections\/\" target=\"_blank\" rel=\"noreferrer noopener\">home inspection<\/a> and review any seller disclosures.<\/p>\n\n\n\n<p id=\"define-short-sale-in-real-estate\"><strong>6. Complete the Purchase:<\/strong> Once the lender approves your offer, you can move forward with closing the deal. Secure financing, finalize the <a   href=\"https:\/\/www.houzeo.com\/blog\/purchase-agreement\/\" target=\"_blank\" rel=\"noreferrer noopener\">purchase agreement<\/a>, and complete any necessary contingencies. After closing, you can take possession of the property.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-25\" id=\"how-long-does-it-take-for-a-short-sale\"><strong>How Long Can a Short Sale Take to Close?<\/strong><\/h2>\n\n\n\n<p id=\"how-to-short-sell\">We learnt about how short sales work, but how long is the process? Short sales can take longer to close as compared to a traditional home sale. Short sales typically take 3\u20136 months to close. Here is a breakdown of the timeline:<\/p>\n\n\n\n<p id=\"sell-short-mean\"><strong>1. Lender Approval<\/strong> <strong>(6-12 Weeks)<\/strong>: The lender&#8217;s approval is crucial for a short sale. The process behind the approval involves negotiating with the seller and reviewing their financials. This can take weeks or even months in some cases due to the complexities of the paperwork required.<\/p>\n\n\n\n<p id=\"short-selling-explained\"><strong>2. Property Appraisal<\/strong> <strong>(3-6 Weeks)<\/strong>: The lender typically orders an <a   href=\"https:\/\/www.houzeo.com\/blog\/home-appraisal\/\" target=\"_blank\" rel=\"noreferrer noopener\">home appraisal<\/a> to ensure the sale price is fair. This adds extra time to the process, as the appraisal must be completed and reviewed, which ultimately extends the entire foreclosure timeline.<\/p>\n\n\n\n<p id=\"how-to-do-a-short-sale\"><strong>3. Multiple Offers and Negotiations<\/strong> <strong>(4-8 Weeks)<\/strong>: Short sales attract multiple buyers looking for a deal. The lender may need to evaluate and negotiate with several buyers before approving an offer, which can extend the time.<\/p>\n\n\n\n<p id=\"whats-short-sale\">Once the bank approves your offer, closing can happen relatively quickly. It takes about 2-4 weeks for the final paperwork and closing. Getting a <a   href=\"https:\/\/www.houzeo.com\/blog\/mortgage-preapproval\/\" target=\"_blank\" rel=\"noreferrer noopener\">mortgage pre-approval<\/a> and completing inspections in advance can significantly speed up the closing process.<\/p>\n\n\n\n<div class=\"wp-block-custom-accordion custom-accordion margin-top-15\">\n<div class=\"wp-block-custom-accordion-item accordion-item\"><button class=\"accordion-header\"><span class=\"accordion-title\">How can I find short sale homes near me?<\/span><img decoding=\"async\" loading=\"lazy\" width=\"840px\" height=\"450px\" class=\"accordion-icon\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/flat-fee-mls\/faqArrow.svg\" alt=\"toggle\"\/><\/button><div class=\"accordion-content\">\n<p>To find short sale homes for sale, search real estate sites to identify distressed listings. You can also partner with a\u00a0short sale specialist realtor\u00a0to browse\u00a0foreclosure auction sites.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading margin-top-25\" id=\"short-sale-pros-and-cons\"><strong>Pros and Cons of Buying a Short Sale Home<\/strong><\/h2>\n\n\n\n<p id=\"what-is-short-sale-real-estate\">A short sale offers several lucrative benefits, but it has some drawbacks too. Let\u2019s break down both the benefits and risks in detail.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"short-sales-homes\"><strong>\u2705<\/strong> <strong>Benefits of Buying a Short Sale House<\/strong> <\/h3>\n\n\n\n<p class=\"margin-top-15\" id=\"fha-short-sale\"><strong>1. Discounted Price:<\/strong> A short sale property is usually sold significantly below the market value. This provides you with the opportunity to buy your dream home at 10% to 30% below market prices, making housing more accessible.<\/p>\n\n\n\n<p id=\"does-a-short-sale-affect-my-credit\"><strong>2. Potential for Investment:<\/strong> Due to discounted rates, a short-sale house is often a great opportunity to invest. By making repairs and renovations, you could resell the property later for a profit or simply enjoy greater equity share on your purchase.<\/p>\n\n\n\n<p id=\"what-does-short-sale-mean-in-realty\"><strong>3. Less Competition:<\/strong> A short sale often attracts fewer buyers due to the lengthy process and complexity of paperwork involved.  This means less competition, which can increase your chances of having your offer accepted.<\/p>\n\n\n\n<p id=\"short-sales-and-foreclosures\"><strong>4. Motivated Sellers<\/strong>: Short-sale homeowners are often facing financial hardship and are eager to avoid foreclosure, which means they\u2019re highly motivated to sell quickly. This can mean easier negotiations, flexible terms, and a better chance your offer gets accepted.<\/p>\n\n\n\n<h3 class=\"wp-block-heading margin-top-15\" id=\"risks-of-short-sales\"><strong>\u274c Risks of Buying a Short Sale Home <\/strong><\/h3>\n\n\n\n<p id=\"short-sale-means\"><strong>1. Lengthy Process:<\/strong> The biggest downside of short sales is a longer timeline. A normal short sale can take anywhere between 3 to 6 months. This can sometimes be a little frustrating for buyers who want a quick deal. <\/p>\n\n\n\n<p id=\"does-a-short-sale-damage-your-credit\"><strong>2. As-Is Condition:<\/strong> These are the properties usually sold in \u201cas-is\u201d condition to escape the foreclosure. Often these properties are occupied by the homeowners, who may have neglected the maintenance due to financial hardship.<\/p>\n\n\n\n<p id=\"what's-a-short-sale-in-real-estate\"><strong>3. Limited Disclosures:<\/strong> You may not get all the details about the home\u2019s condition upfront, as the seller may not have the resources to provide a full disclosure. Thorough inspections are essential, but there\u2019s still the potential for surprises.<\/p>\n\n\n\n<h2 class=\"wp-block-heading margin-top-25\" id=\"should-i-buy-a-short-sale-house\"><strong>Should I Buy a Short Sale House?<\/strong><\/h2>\n\n\n\n<p id=\"selling-short-meaning\">Purchasing a short sale house offers an opportunity to buy a house well below market value. The difference could be 10% to 30%. But a short sale can take 3-6 months to close. If you have the patience, they can be a smart option to <a   href=\"https:\/\/www.houzeo.com\/blog\/how-to-buy-a-house\/\" target=\"_blank\" rel=\"noreferrer noopener\">buy a house<\/a>.<\/p>\n\n\n\n<p id=\"what-does-short-selling-mean\">For homeowners in financial distress, a short sale helps avoid foreclosure, protect credit scores from severe damage, and maintain more control over the sale process. It\u2019s a practical way to move forward and minimizing long-term financial consequences.<\/p>\n\n\n\t<div  class=\"hfsWidget \" data-widget-title=\"Find your dream home in US \ud83c\udfe0 \" data-widget-list-item1=\"1st item\" data-widget-list-item2=\"2nd item\" data-widget-list-item3=\"3rd item\" data-widget-type=\"buyer1\" data-widget-vendor-type=\"inspector\" data-widget-state=\"us\" data-widget-city=\"\" data-widget-redirect-url=\"https:\/\/www.houzeo.com\/homes-for-sale\" data-widget-redirect-text=\"Homes for sale in US\" data-widget-button-url=\"https:\/\/www.houzeo.com\" data-widget-button-text=\"\" data-widget-min-price=\"0\" data-widget-max-price=\"0\" data-widget-min-area=\"0\" data-widget-max-area=\"0\" data-widget-sidebar=\"false\">\n        <div class=\"widgetMainBox mainBox456\">\n        <div class=\"widgetBox widgetBox3 buyer-one\">\n            <div class=\"widgetTop\" style=\"display: flex;\">\n                <div class=\"widgetTopcont\">\n                    <div class=\"homePageQuickListing -page homepage widgetInBox3 hfs_new_design_widget\">\n                      <div class=\"HeaderTopSidebar\"> \n                        <p class=\"headerStyle\">Find your dream home in US \ud83c\udfe0 <\/p>\n                                                                         <div class=\"widgetList skeleton skeleton-text\">\n                            <p>View 1,612,592 homes for sale in <span\n                            class=\"propertyStateSpan\">US<\/span><\/p>                            \n                        <\/div>\n                                                                      <\/div>  \n                        <div class=\"verifyFieldForm addInput\">\n                            <div class=\"inputSearchBox\">\n                                <div class=\"inputBoxElement addressBar\">\n                                    <input type=\"text\" name=\"ITBTtRE\" id=\"buyerAutocomplete\"\n                                        placeholder=\"Enter an address, city, neighborhood, or ZIP\"\n                                        class=\"pac-target-input buyerAutocomplete\" autocomplete=\"off\">\n                                <\/div>\n                                <span class=\"errorStreetMsg errorMsg\">Please enter valid address<\/span>\n                            <\/div>\n                            \n                            <div class=\"inputSubmitBox\">\n                                                                <button id=\"buyerBtnBox456\" class=\"continueCta storeAddress next_btn buyerBtnBox\">Search\n                                    <span class=\"arrowContinue\"><\/span><\/button>\n                            <\/div>\n                        \n                        <\/div>\n                    <\/div>\n                <\/div>\n            <\/div>\n            <div class=\"widgetInsideBox\">\n                <div class=\"widgetPropertyBoxNew\" id=\"propertyContainer\">\n                <div class=\"widgetPropertyInnerBox\">   \n                 \t\t\t\t\t\t   <div class=\"widgetPropColumnNew halfWidthCard\">\n\t\t\t\t\t\t\t  <a href=\"https:\/\/www.houzeo.com\/homes\/2012-n-park-rd-spokane-valley-wa-99212\/hzid_ba366212\" class=\"widgetAnchorColumnLink\" target=\"_blank\" >\n\t\t\t\t\t\t\t\t   <div class=\"widgetImageBox\">\n\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/cdn.houzeo.com\/idx\/media\/19\/SPOMSAR202612174\/2_SAR6528756_00b8ccaa32_dim_640X450.webp\" alt=\"\" onerror=\"this.src='https:\/\/dtpwvruv8ddnl.cloudfront.net\/seller\/listing\/uploads\/listing_images\/thumbnails\/empty-property.jpg';\">\n\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/cdn.houzeo.com\/images\/idx\/spokane-mls-new-xs-logo.webp\" alt=\"logo\" class=\"insideWidgetLogo\">\n\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t   <div class=\"widgetTextBox\" >\n\t\t\t\t\t\t\t\t\t   <p class=\"priceText\">$970,000<\/p>\n\t\t\t\t\t\t\t\t\t   <span class=\"addressText\">\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t2012 n park rd, <br\/>spokane valley, WA 99212\t\t\t\t\t\t\t\t\t<span class=\"suummarize-info grey-img\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blog-info-gray.svg\" alt=\"\">\n\t\t\t\t\t\t\t\t\t\t <span class=\"voult-tooltip-box\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"fz-12\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\tListing Provided by:  LT Real Estate <br>\t\t\t\t\t\t\t\t\t\t\t\t\tSource: Spokane MLS-WA | MLS#: 202612174<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t\t   <\/a>\n\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t   \t\t\t\t\t\t   <div class=\"widgetPropColumnNew halfWidthCard\">\n\t\t\t\t\t\t\t  <a href=\"https:\/\/www.houzeo.com\/homes\/97-liberty-st-thompson-ny-12701\/hzid_e05d62bb\" class=\"widgetAnchorColumnLink\" target=\"_blank\" >\n\t\t\t\t\t\t\t\t   <div class=\"widgetImageBox\">\n\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/d1i6r5w646k4dq.cloudfront.net\/images\/KEY424343462\/07f0aaae-4e2f-417d-8db9-4bb99cbae363.jpeg\" alt=\"\" onerror=\"this.src='https:\/\/dtpwvruv8ddnl.cloudfront.net\/seller\/listing\/uploads\/listing_images\/thumbnails\/empty-property.jpg';\">\n\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t\t\t\t   <img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/idx\/one-key-mls-logo-xs.webp\" alt=\"logo\" class=\"insideWidgetLogo\">\n\t\t\t\t\t\t\t\t\t\t\t\t   \t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t   <div class=\"widgetTextBox\" >\n\t\t\t\t\t\t\t\t\t   <p class=\"priceText\">$599,900<\/p>\n\t\t\t\t\t\t\t\t\t   <span class=\"addressText\">\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t97 liberty st, <br\/>thompson, NY 12701\t\t\t\t\t\t\t\t\t<span class=\"suummarize-info grey-img\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/dtpwvruv8ddnl.cloudfront.net\/images\/blog\/blog-info-gray.svg\" alt=\"\">\n\t\t\t\t\t\t\t\t\t\t <span class=\"voult-tooltip-box\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"info-wrap\">\n\t\t\t\t\t\t\t\t\t\t\t\t<p class=\"fz-12\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\tListing Provided by: Brian J Caplicki | Keller Williams Hudson Valley <br>\t\t\t\t\t\t\t\t\t\t\t\t\tSource: OneKey MLS-NY | MLS#: 984174<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t\t   <\/a>\n\t\t\t\t\t\t   <\/div>\n\t\t\t\t\t\t                        <div class=\"widgetPropColumnNew fullWidthCard \">\n\t\t\t\t\t\t<a href=\"https:\/\/www.houzeo.com\/homes-for-sale\" class=\"widgetanctextfind widgetancTextForAll\" target=\"_blank\">Homes for sale in US<span><img decoding=\"async\" src=\"https:\/\/houzeo-media-1.s3.amazonaws.com\/homes-for-sale\/blue-arrow.svg\" alt=\"arrow\" width=\"11\" height=\"10\"><\/span> \n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n                   <\/div>   \n               \n                <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n       \n    <\/div>\n\t<script>\n    document.addEventListener(\"DOMContentLoaded\", function() {        \n        if (!window.assetsLoaded) {\n            window.assetsLoaded = true;\n            var version = (typeof customData !== 'undefined' && customData.customVersion) ? customData.customVersion : '1.0';\n            loadScript('\/blog\/wp-content\/themes\/houzeo-new-design\/js\/hfs-widget.js?version=' + version);\n            loadCSS('\/blog\/wp-content\/themes\/houzeo-new-design\/css\/hfs-widget.css?version=' + version);\n        }    \n    });\n\t\t\n\t<\/script>\n\t\n","protected":false},"excerpt":{"rendered":"<div class=\"new-excerpt\"><p class=\"small-desc\">Homeowners can avoid foreclosure and the negative impact it can have on their credit score, while buyers can buy a house at a lower price than market...<\/p><\/div><div class=\"reading_date\"><span class=\"readtime\">10 mins read<\/span><span class=\"date\">Apr 18, 2026<\/span><\/div>","protected":false},"author":102,"featured_media":287108,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46225,46253],"tags":[27934,49107,49109,49104,49106,27916,49105,49103,49108,46973],"class_list":["post-286926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buyer","category-what-is-a-property-type","tag-house-short-sale","tag-how-does-short-sale-work","tag-how-long-does-it-take-for-a-short-sale","tag-how-to-buy-a-short-sale-home","tag-how-to-purchase-a-short-sale-house","tag-short-sale-meaning","tag-short-sales-and-foreclosures","tag-what-is-a-real-estate-short-sale-mean","tag-what-is-a-short-sale-of-a-home","tag-what-is-short-sale-mean"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is a Short Sale? A Homebuyer\u2019s Guide to Scoring a Deal in 2026!<\/title>\n<meta name=\"description\" content=\"What is a short sale? It\u2019s a chance for buyers and sellers to navigate unique deals and see how it differs from foreclosures.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.houzeo.com\/blog\/what-is-a-short-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is a Short Sale? A Homebuyer\u2019s Guide to Scoring a Deal in 2026!\" \/>\n<meta property=\"og:description\" content=\"What is a short sale? 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