| 词汇 | short sale (of house) |
| 释义 | `1`short sale (of house) `2` "Nolo Everybody's Legal Dictionary": A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes. See also deed in lieu (or foreclosure). See Topic: Debt & Bankruptcy Real Estate |
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