a18c748f_of_a_Short_Sale_VS_Foreclosure__Short_Sale
[Issue] Deficiency Judgment [Foreclosure] The bank has the right to pursue the deficiency judgment in all foreclosures (except in states where there is no deficiency). [Short Sale] 
It is typical for the lender to give up the right to pursue a deficiency judgment against the borrower. This is stated in approval letters, and is not legal to collect in many states.
Benefits of a Short Sale VS Foreclosure
Short Sale