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Last updated 2026-08-01
HUD Housing Counselors Glossary
Updated 2026-08-01
Modules 5.1, 5.2, 5.3 Short sale less than the outstanding mortgage balance to avoid foreclosure. The mortgage company allows the homeowner to sell the house for an amount that falls “short” of the amount still owed. This may result in a deficiency judgment.
HUD Housing Counselors Glossary
pp. 18–21
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