Pre-Foreclosure Sales (PFS)
Last updated 2026-08-01
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 2026-08-01
Pre-Foreclosure Sales (PFS), also known as Short Sales, refer to the sales of real estate that generate proceeds that are less than the amount owed on the Property and the lien holders agree to release their liens and forgive the deficiency balance on the real estate.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 44
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