A ________ allows the homeowner to sell the house for less than what is owed on the mortgage but does not require the homeowner to pay the difference to the lender.

Question

Quizplus · Accepted Answer

A short sale is when a homeowner sells their property for less than the amount due on the mortgage, with the lender's permission, and the lender agrees to accept the proceeds from the sale instead of pursuing the borrower for the remaining debt.

A ________ Allows the Homeowner to Sell the House for Less