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
A short sale occurs when a property is sold at a price lower than the amount the homeowner owes on the mortgage, and the homeowner's mortgage lender(s) agrees to the short payoff.f the short sale will make the lender take a bigger loss than foreclosure, the lender will usually have to foreclose. Both the seller and the buyer need to make sure the sale makes sense for everyone, not just the seller. Other reasons include: 1  Short sale package submitted by the seller is incomplete.