curtischarles
1 Answer
country bumpkin
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens' full amounts and where the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.
From Wikipedia
| 11 years ago. Rating: 3 | |
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