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
1 You donât have any contingencies. 2  If you have a home to sell before you can close on the purchase of the short-sale propertyâor you need to be in your new home by a certain timeâa short sale may not be for you. 3  Lenders like no-contingency offers and flexible closing terms.efore you make an offer, it pays to know a little about the seller's situation. If a home is being sold for below what the current seller owes on the propertyâand the seller does not have other funds to make up the difference at closingâthe sale is considered a short sale.