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Preforeclosure sale

A procedure in which a Lender allows a Mortgagor to avoid foreclosure by selling the Property for less than outstanding Balance of the Loan.

Related Terms: 15 Balance, CLO, Lend, Lender, Loan, Low, Lows, Mortgagor, OID, Outstanding, Property, ROC, ROCE, Sell, Void
Other Related Pages: Category: Real_Estate Starting With: P
Semi Related Terms: 453 CLICK HERE TO VIEW