Finance
A 'short sale' in Nebraska occurs when:
AA property sells in fewer than 30 days after listing
BThe lender agrees to accept less than the full mortgage balance owed as full satisfaction of the debt✓ Correct
CA property sells below its assessed value
DThe seller closes the sale within the same day as acceptance
Explanation
A short sale occurs when the lender agrees to accept a payoff amount less than the full mortgage balance to avoid the more costly foreclosure process. The seller receives no proceeds and may have tax implications.
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