What is a Short Sale Property?
A short sale property is one that is sold at a price that is less than the debt owed on the property. Lenders frequently accept a discount on the amount owed to avoid a possible foreclosure or...
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A short sale is a sale of real estate where the proceeds from the sale are less than the amount owed on the real estate. In other words, the proceeds are “short”. The amounts owed on a short sale...
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