Short Sale  Mortgage Glossary

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:



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In the event that a borrower gets into financial difficulty, it may be possible for them to enter into an agreement with the lender to sell the property at a discount rate and remit the proceeds to the lender to cover the outstanding loan. This is an alternative to foreclosure and often allows the borrower to keep some of the equity that has amassed in the property.

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Mortgage Glossary

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