The difference between the amount owed and what the lender collects at the short sale is referred to as the

Name: The difference between the amount owed and what the lender collects at the short sale is referred to as the
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The difference between the amount owed and what the lender collects at the short sale is known as the deficiency amount. This amount represents a shortfall in the amount owed on the property, and the lender may pursue legal action to recover the deficiency amount from the borrower.

The Difference Between the Amount Owed and What the Lender