Finance
In Maryland, a 'short sale' occurs when:
AA property sells quickly within a few days of listing
BThe lender agrees to accept less than the full mortgage payoff amount to allow a distressed sale✓ Correct
CThe buyer pays less than the listing price
DA property sells without a real estate agent
Explanation
A short sale occurs when the lender agrees to accept less than the full payoff to release their lien, allowing the homeowner to sell a property where the mortgage balance exceeds the sale price.
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