A "short sale" of real estate is:
A) A sale that closes in less than 30 days
B) The sale of a house by someone who is not the owner; it is a way to profit from an anticipated decline in real estate prices
C) A sale in which the proceeds from the sale are less than the balance owed on the loan secured by the property sold
D) A sale in which the balance owed on the loan secured by the property sold is less than the proceeds from the sale
Correct Answer:
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