Short Sale vs. ForeclosureIn my opinion, while there are many differences, the main difference between short sales and foreclosures is that on a short sale the seller is still the owner. In a foreclosure, the seller is the bank. This may seem like an obvious point but I have encountered many clients that don't realize this difference and how it plays out during the transaction....Your thoughts...June 15 2010 - Alexandria00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.