what is the difference between a short sale and a foreclosure 
in a short sale the process is initiated by the homeowner to get out of financial trouble the owner must prove the extent of the financial distress through documents submitted to the lender if the lender agrees to move forward the homeowner is responsible for finding a buyer in a foreclosure the lender initiates the process seizing the home and if necessary evicting the owner who has failed to make payments the foreclosure process is generally faster than a short sale as the lender seeks to liquidate the asset as quickly as possible 