Foreclosure Avoidance

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January 1, 1 6 min read Definitions

Short Sale Real Estate Mortgage Foreclosure Avoidance Real Estate Transactions Debt Settlement IRS Taxation

A short sale is a financial arrangement where a mortgagor settles their outstanding mortgage debt with a payment that is less than the principal balance owed. This process helps avoid foreclosure and can be used as an alternative solution for struggling homeowners.