{
  "url": "sellingrealestateflorida.com/faq/what-is-a-short-sale-and-how-does-it-differ-from-a-foreclosure",
  "name": "What is a short sale, and how does it differ from a foreclosure?",
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      "name": "What is a short sale, and how does it differ from a foreclosure?",
      "@type": "Question",
      "acceptedAnswer": {
        "text": "A short sale occurs when a homeowner sells their property for less than the amount owed on the mortgage, with the lender's approval. This differs from a foreclosure, which is a legal process initiated by the lender to repossess and sell a property when the borrower defaults on the mortgage. A key practical tradeoff for the homeowner is that a short sale typically has a less severe impact on credit than a foreclosure and allows for more control over the sale process. Kelby Contreras - Realty ONE Group Evolution can guide you through these differences to determine the most suitable path for your situation.",
        "@type": "Answer",
        "description": "A short sale is selling a home for less than owed with lender approval, while foreclosure is when the lender repossesses the property due to default. A short sale can be a less damaging alternative to foreclosure."
      }
    }
  ],
  "description": "A short sale is selling a home for less than owed with lender approval, while foreclosure is when the lender repossesses the property due to default. A short sa"
}