A sale of a home where the proceeds of the sale are less than what the owner owes on the mortgage. Lenders may agree to accept the proceeds of a short sale and forgive the remaining amount owed under the mortgage when the owner clearly cannot meet the debt on the home. In this manner, the lender can avoid a lengthy and costly foreclosure. See also deed in lieu (or foreclosure). … [Read more...] about SHORT SALE
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SI CONSTET DE PERSONA
Latin: If it be certain who is the person meant … [Read more...] about SI CONSTET DE PERSONA
SHORT SUMMONS
A process, authorised in some of the states, to he issued against an absconding, fraudulent, or nonresident debtor, which is returnable within a less number of days than an ordinary writ of summons. … [Read more...] about SHORT SUMMONS
SI FACERIT TE SECUREM
If he make you secure. These words occur in the form of writs, which originally requited, or still require, that the plaintiff should give security to the sheriff that he will prosecute his claim, before the sheriff can be required to execute such writ. … [Read more...] about SI FACERIT TE SECUREM
SHORT TERM
A short period of time, usually less than one year. … [Read more...] about SHORT TERM