The definition of yoke is the bar that is used as a frame to pull or support something heavy. 1. An example of yoke is the wood that oxen are hooked to on an old-style plow. 2.
Short sale (real estate) A short sale is a sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property. In this case, if all lien holders agree to accept less than the amount owed on the debt, a sale of the property can be accomplished. A Short Sale is not to be confused with a Short Settlement. A short sale has two intrinsic and inseverable components. A Short Sale is successful when The Lien holder is agreeable to net less than the amount o
Question: What does active short sale contingent mean? A reader asks: In looking through short sale listings online, I have noticed that some of those listings say active short sale contingent.. Does this mean that the bank has approved the short sale but nobody has made an offer yet? What does active short sale contingent mean?.