What is another word for short sale?
Pronunciation: [ʃˈɔːt sˈe͡ɪl] (IPA) 
A short sale is a term used to describe the sale of a property for less than the outstanding mortgage balance. There are several synonyms for a short sale, including a pre-foreclosure sale or a distressed sale. A pre-foreclosure sale is a real estate transaction that takes place before the foreclosure process begins. This type of sale occurs when a homeowner falls behind on mortgage payments and decides to sell their home to avoid foreclosure. A distressed sale refers to the condition of the property being sold, rather than the circumstances of the sale. This term may be applied to properties that are in need of significant repairs or renovations, or those that have been damaged in natural disasters.
