Finance
A Missouri borrower who is 'upside down' on their mortgage but wants to sell may negotiate with the lender for a:
ARate reduction
BShort sale approval, allowing them to sell for less than the loan balance✓ Correct
CDeed-in-lieu of mortgage
DPrincipal forgiveness only
Explanation
A short sale requires lender approval to accept less than the outstanding balance. It allows the borrower to sell the home and avoid foreclosure, while the lender recovers more than they would through foreclosure.
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