This document is a guide for homeowners considering a short sale to avoid foreclosure. It explains that a short sale allows a homeowner who owes more than their home is worth to sell it for less than the outstanding mortgage balance, with the lender's approval. Lenders may accept a short sale to avoid greater losses from a foreclosure. The guide advises homeowners to act quickly and work with an experienced real estate agent if considering a short sale, especially those in Florida who should seek out agents partnered with specific organizations for assistance navigating the short sale process.