June 24, 2009

WORD: Pre-Foreclosure Sale

And the WORD for Today is:

Pre-foreclosure Sale - is also frequently called a short sale, this will allow for sale of the property for an amount less than the amount necessary to pay off the mortgage loan and avoid foreclosure.

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You can find more helpful definitions of WORDS like these in Your Real Estate Advisor which can be purchased at www.DovePublishingHouse.com.

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