Short Sale Question

[Jack Jones]

Just got approval for short sale. I owe $200K on beach property and have an offer for $90K. In the short sale agreement it states that the lender or its investors may pursue a deficiency judgement for the difference in the payment received and the total balance due unless agreed otherwise. In the approval, which was done by a short sale specialist, I don't see any clause saying they will not seek deficiencys. If this is the case then what is the difference between this and a foreclosure and an auction. I thought the short sale would offer me some benefits.