http://www.zillow.com/advice-thread/short-sale/252491/ Zillow Advice | Zillow Real Estate http://www.zillow.com/advice-thread/short-sale/252491/ <br/>Hi tkh75bu -<br/><br/>A "Short Sale" happens when the property sells for less than what the current owner owes on the <a href="http://www.zillow.com/mortgage/">mortgage</a>. This kind of transaction is normally being used to avoid having a bad record when the home is facing <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosure</a>, but still it is subject for approval by the bank. Tue, 07 Jul 2009 17:52:00 GMT http://www.zillow.com/advice-thread/short-sale/252491/ 2009-07-07T17:52:00Z