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Short Sale
A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed.
Related Terms
Interest rate buy-down plans
Tax sale
Probate sale
Bargain sale
Certificate of sale
Chimney pot
Teaser rate
Bridge loan
Construction loan
Listing inventories
Bill of sale
Capital gains tax
Early occupancy
Online real estate listings
Capital gains
Market conditions
Home Stager
Caravan
Due-on-sale clause
Sale-leaseback
Agreement of sale
Bidding war
Recording fee
Closing costs
Straight purchase
Blue sky laws
Days on the market
For Sale By Owner (FSBO)
Back-to-back escrow
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