The document is a presentation about short sales that answers frequently asked questions. It defines a short sale as when a property is sold for less than the mortgage amount owed. It discusses that banks usually will not pursue the homeowner for the difference. It also notes that the bank may issue a 1099 for taxes but debt can be excluded up to 2007-2012. The process takes 60-150 days to complete if the package is fully documented and the homeowner continuously follows up with the lender.