Today's Real Estate Dictionary

A service of Fort-Worth-Appraiser.us   Enjoy!

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PRE-QUALIFYING - A method by a lender allowing a prospective home buyer to determine how much may be borrowed on a mortgage loan before making a formal application. This enables the buyer to approximate the price range for the home purchase.


SHORT SALE - A sale of property which includes some forgiveness of debt by the lender under a mortgage or trust deed. The amount of debt forgiven may be considered income to the seller and taxable.

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