short sale

Noun

Meaning

sale of securities or commodity futures not owned by the seller (who hopes to buy them back later at a lower price)

Synonyms

Hypernyms

Examples

I'm nearsighted in my right eye, have glaucoma in my left, and the nerves in my hands are on Medicare. Basically, I'm on the wrong end of a short sale. Gary McCord

A short sale is where your mortgage lender allows you to sell the home for less than your outstanding loan balance and cancels your obligation to repay the remainder of the loan. Source: Internet

The biggest problem is getting a lender to agree to a short sale. Source: Internet

These states also have funds to make payments to Wells Fargo on behalf of unemployed homeowners and provide assistance to homeowners to move from their home after a short sale or foreclosure. Source: Internet

In a short sale, an asset is sold it is bought. Source: Internet

In fact, if you lost your home to foreclosure or did a short sale, you may have lost less money if you made a small down payment. Source: Internet

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