Finance
What is a 'short sale' in the context of Hawaii real estate?
AA. A sale completed in less than 30 days
BB. A sale where the lender agrees to accept less than the full loan balance as payoff✓ Correct
CC. A sale of a property below market value without lender involvement
DD. A sale of partial property interest only
Explanation
A short sale occurs when the lender agrees to accept less than the full mortgage balance as payment in full, typically when the property's value is less than the amount owed.
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