A short sale is a way for a homeowner to sell their house when they owe more money on it than they can sell it for. This can happen if the person loses their job or has some other financial problem that makes it hard for them to pay their mortgage. If the person's lender agrees, the person can sell the house for less than they owe and the lender will forgive the rest of the debt. This can help the person avoid having their house taken away from them, which is called foreclosure.
Full Explanation: • The Short Sale Showdown: How to Avoid...
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