http://www.hud.gov/offices/hsg/sfh/nsc/faqpfs.cfm
Pre-Foreclosure Sale Frequently Asked Questions
The Preforeclosure Sale (PFS) Program allows the Mortgagor in default to sell his/her home and use the net sale proceeds to satisfy the mortgage debt even though these proceeds are less than the amount owed.
NOTE: NSC and Post Claims Division have developed a listing of