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In a real estate short sale the balance owed on the mortgage falls short of the proceeds of the sale. True False

In a real estate short sale the balance owed on the mortgage falls short of the proceeds of the sale. True False

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In a real estate short sale the balance owed on the mortgage falls short of the proceeds of the sale. True False
Transcribed Image Text:In a real estate short sale the balance owed on the mortgage falls short of the proceeds of the sale. True False
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