a18c748f_of_a_Short_Sale_VS_Foreclosure__Short_Sale
[Issue] Deficiency Amount [Foreclosure] If the home does not sale at a foreclosure auction it will have to go through the bank REO system. This will result in a longer sell time and potentially a higher deficiency judgment for the homeowner. [Short Sale] 
A short sale home is sold at or near market value and in most cases is a greater value than a foreclosure sale which results in a lower deficiency. This deficiency is typically forgiven. This higher selling price helps to cut your lender's loss.
Benefits of a Short Sale VS Foreclosure
Short Sale