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Glossary of Terms > S > Short Sale

Short Sale

An agreement between a mortgage borrower in distress and the lender that allows the borrower to sell the house and remit the proceeds to the lender. This is often seen as an alternative to foreclosure, or a deed in lieu of foreclosure.

S Terms

Scenario Analysis

Scheduled Mortgage Payment

Second Mortgage

Secondary Market

Secured Loan

Seller Financing

Servicing

Settlement Costs

Shared Appreciation Mortgage

Short Sale

Single-Family Home

Smart Loans

Stated Assets

Stated Income

Subprime Lending

Survey