Finance
A short sale occurs when a property sells for:
AA price above market value in a short time period
BLess than the outstanding mortgage balance, with the lender agreeing to accept the shortfall✓ Correct
CIn a quick 7-day sale process
DAt an auction with minimal advertising
Explanation
A short sale is when the seller's lender agrees to accept less than the full balance owed because the property's market value is less than the outstanding debt.
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