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(Updated July 2016)

What is a short sale? A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan. This page offers information about the basics of short sales and advice for the real estate professional. (A. Siudzinski, Senior Library Information Specialist)

- EBSCO articles available for NAR members only. Password can be found on the EBSCO Access Information page.

Short Sales and Foreclosure ​Resource Certification

Learn more about NAR's latest certification program, core courses, free webinars, FAQs and brochures.

Short Sales and Foreclosure Resource Certification

Short Sale​s Basics

What is a short sale? The long and short of it, (realtor.com®, May 5, 2016).

Real estate tips: what is a “short sale” and how does it work, (Realty Today, May 5, 2016).

Short sales resources, (REALTOR® Magazine, n.d.).

4 short-sales myths dispelled, (REALTOR® Magazine/Daily Real Estate News, Jan. 14, 2014).

Short Sale Home, (HomePath, n.d.).

Short Sales Topic, (National Association of REALTORS®, n.d,).

Short sales, (About Home, n.d.).

Working With Short Sales

Succeeding with short sales clients, (Real Estate Express, Mar. 17, 2016).

5 common errors when buying a short-sale house, (Bankrate, Jan. 29, 2016).

Why short sales are still some of the best deals around, (Credit.com, Jan. 14, 2015).

The short list: Bert Gor’s tips for working effectively with short sales, (Chicago Agent Magazine, May 5, 2014).

How to successfully complete a short sale—mystery solved!,  (Rochester’s Real Estate Blog, Mar. 20, 2014).

How to prepare for a short sale, (REALTOR® Magazine, n.d.).

eBooks & Other Resources


The following eBooks and digital audiobooks are available to NAR members:

All About Short Selling (Kindle OverDrive Read, EPUB eBook, PDF eBook)

Best New Short Sale Solutions, Top 10 Tips (Kindle, OverDrive Read, EPUB eBook, PDF eBook)

The All-New Real Estate Foreclosure, Short-Selling, Underwater, Property Auction, Positive Cash Flow Book (Kindle, OverDrive Read, EPUB eBook, PDF eBook)

Cashing in on Pre-foreclosures and Short Sales (Kindle, OverDrive Read, EPUB eBook, PDF eBook)

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances (Kindle, OverDrive Read, EPUB eBook, PDF eBook)

Make Money in Short-sale Foreclosures (Kindle, PDF eBook)

Books, Videos, Research Reports & More

The resources below are available for loan through Information Services. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Services at 800-874-6500 for assistance.

The REALTOR® and the home owner's guide to short sales: step by step, (CreateSpace, 2009). HG 4521 K27

Short-Sale Pre-Foreclosure Investing, (Hoboken, NJ: Wiley, 2008). HG 4521 B43

The Art of the Short Sale, (Minneapolis, MN: Mill City Press, 2008). HG 4521 C49

Foreclosure investing for dummies, (Hoboken, NJ: Wiley, 2007). HG 4521 R54

Field Guides & More

These Field Guides and other resources in the Virtual Library may also be of interest:

Field Guide to Foreclosures

Information Services Blog

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The inclusion of links on this field guide does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this field guide complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.