A yoke used for oxen. A yoke used for oxen. The definition of yoke is the bar that is used as a frame to pull or support something heavy.
You can't do a short sale without the lender's approval. If a short sale is possible, ask what documentation you'll need to seek approval. The typical short sale documentation package requires: 1  A hardship letter that explains why you can no longer repay your mortgage.ith a short sale, you accept an offer on your home that's less than what you owe on your mortgage and your lender forgives the remaining debt -- the difference between your mortgage balance and the net proceeds from the sale.
A short sale means that your contract is below the amount of the loan that exists on the property. The mortgagee will look at the offer and decide whether to accept it. It can take a while for that to happen, but in the meantime the house is under contract. By you. The real estate term âunder contractâ means that a binding agreement exists between a buyer and a seller of property. The buyer and the seller are in agreement with the terms in the contract. When a property is under contract, the seller may not enter into contract with any other buyer.