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Category Archives: Real Estate Definitions

What is a Short Sale?

By Chris Richter | Published: February 2, 2010
A "Short Sale" is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.
Posted in Real Estate Definitions | Tagged foreclosure, Short Sale, short seller | Leave a comment
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