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By admin - Last updated: Sunday, March 1, 2009 - Save & Share - Leave a Comment

Q: What does it mean when a home is listed for sale as a short sale?

Many homes listed for sale are listed as being subject to a short sale. A short sale contingency requires the lender or lenders of the home’s seller to agree to accept a payoff lower than the seller/borrower owes on the home.

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