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"Short sale" means the sale of real estate that is subject to a mortgage for an amount that is less than the amount owed to the mortgagee on the outstanding ... A short sale is the sale of the home for less than the balance remaining on the mortgage. In a short sale, a borrower can sell the home and pay off a portion ... A short sale is a situation where a homeowner is unable to continue making their mortgage payment and must sell their property when the balance of the mortgage ... Dec 5, 2023 ... A short sale is a type of property transfer that occurs when a property is sold at a lower amount than what the homeowner owes on their mortgage ... Jul 31, 2015 ... Short sales are an option for homeowners who are underwater on their mortgage to sell their property, and to avoid going into foreclosure. Mar 1, 2021 ... A short sale is a home sale where the seller / owner is underwater on their mortgage. That means the value of the home is less than the outstanding mortgage ... A short sale is where the lender agrees to let you sell your property for less than the amount you owe on the loan to satisfy the debt in full to avoid ... A short sale is when a distressed homeowner sells their property for less than the amount due on the mortgage. May 8, 2024 ... A short sale involves selling for less than your mortgage balance and is usually better than foreclosure. Find out if a short sale is right ... Nov 30, 2011 ... A taxpayer other than a C corporation may exclude a discharge of qualified real property business indebtedness from income.