A short sale, also known as a pre foreclosure sale, is a practice that is sometimes considered to be a dangerous, particularly in certain circumstances. Due to the nature of a short sale, it can be easy for a homeowner to become emotional because of an ongoing financial crisis, quickly making an unadvised sale that is just as quickly regretted. However, in circumstances that merit it, a short sale may indeed be advantageous. A short sale can sometimes be a step up from foreclosure, in that it will damage your credit to a lesser extent. Also, a short sale can be quick and non-burdensome, which can prove helpful in situations that require a quick resolution. In the end, its simply unwise to enter into this practice lightly, especially without short sale help from a professional, such as a financial advisor.