American_Bankers_Association
CTFA · Question #212
Sale of real estate property in which the proceeds are less than the balance owed on loan secured by property sold.
The correct answer is B. Real estate short sale. See the full explanation below for the reasoning.
Question
Sale of real estate property in which the proceeds are less than the balance owed on loan secured by property sold.
Options
- AForeclosure
- BReal estate short sale
- CMultiple listing service
- DNone of these
How the community answered
(63 responses)- A13% (8)
- B75% (47)
- C8% (5)
- D5% (3)
Community Discussion
No community discussion yet for this question.