131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023
The Close
DECEMBER 29, 2022
This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Properties that have been possessed by a lender after the borrower has defaulted on a loan and a short sale or auction was unsuccessful are called real estate (or bank) owned. Short sale. Foreclosure.
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