A short sale is a process of which you sell your home for less than what it is worth. Short sales often occur in real estate when a lender comes to agreement in accepting a shorter pay off amount on a loan rather than what is owed to their property. When a Nevada short sale is in action, the borrower will be indebted more on their loans and liens versus their property's worth at its current market value. Also, a lender will only agree to a short sale generally when the borrower can give account that they are in some type of hardship.