by HouseHunter on December 12th, 2005

HouseHunter

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Are there states in which the seller is not responsible for the shortage in a "short sale?"

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  • by RandomUser on May 11th, 2008

    RandomUser

    No. The term "Short Sale" is a lending industry term, not affiliated with the govt. (Thus not impacted by states). If there is a short sale on property you own, the lender will always expect you to make up the difference.

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