Last reviewed 08-20-2026Short-Sale.com Editorialglossary
Pre-Foreclosure Sales (PFS)
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Pre-Foreclosure Sales (PFS)
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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