In a short sale, the property is sold for less than the amount owed on the loan.

• A. A A property sale that occurs in less than one week.
• B. B A sale that fails to receive a high enough bid at auction, and then falls to the bank's ownership.
• C. C The forced sale of a home due to the borrower defaulting on the mortgage loan.
• D. D The sale of a property at an amount less than is owed, not including costs.

Answer: (D)