Search Site

Home >>Mortgage Glossary >>Short Sale

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:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Short Sale

Print Page

Email Page

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.

Back to glossary index

Online Mortgage Enquiry & Quote

Online Enquiry...

If you would like to receive a quote for a mortgage from an FSA regulated broker please
Click here...

Related Mortgage Services and help...

Mortgage Lenders

Mortgage Calculator

Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

Affordability Calculator

Mortgage News Feed

Mortgage Lenders Profile A-Z List

Find a mortgage lender whose name begins with:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

View Full List...

Questions & Answers

Read about general questions asked by brokers and lenders and the best ways to answer...