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If a listing displays "Short Sale/Subject to Lender Approval" then that listing has been identified by the seller and the listing broker as a "short sale". This means that, at the listed price, the proceeds from the sale may not be adequate to pay all lines and costs of sale. Any offer made that does not fully cover the existing amount(s) owned to the lienholder(s) plus the cost of sale could be subject to lienholder approval, which approval may be exercised at the sold exclusive discretion of the lienholder(s).

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