Last reviewed 08-20-2026Short-Sale.com Editorialglossary
Standard Pre-Foreclosure Sale (Pfs) Option
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Standard Pre-Foreclosure Sale (Pfs) Option
A Standard Pre-Foreclosure Sale (PFS) Option is a PFS Option available for Owner-Occupant Borrowers who are experiencing a hardship affecting their ability to sustain their Mortgage, as determined by the Deficit Income Test (DIT) and: • are in Default; or • are current or less than 30 Days past due but facing Imminent Default due to a hardship as described in the Eligible Borrowers section.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 54
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