A Sacramento short sale can be described as property that is sold for a considerably lower amount than its mortgage balance. It could be a vacant land, an apartment building, or an underwater home, any property that is taken through mortgage can be a short sale. If the mortgage balance of that property is more than its market value, then it is considered a short sale. With that being said, it is important to mention that not all property is a potential short sale in the eyes of lenders. A lender has to agree to give a short sale for it to be executed effectively. It is also worth mentioning that lenders are under no legal obligation to agree to a short sale, they can only approve one if they feel it is in their best possible interest. Most lenders would agree to grant a short sale if it will make more money through the sale than when they opt to foreclose property.