What outcome is expected from a short sale?

In the context of a short sale, the correct answer focuses on the lender's involvement and approval process. A short sale occurs when a homeowner sells their property for less than the amount owed on the mortgage, and this typically requires the consent of the lender. The lender must agree to accept the reduced amount in place of the full mortgage repayment. Therefore, obtaining approval from the lender to sell the property for less than the mortgage balance is the central outcome expected from a short sale.

Other outcomes, such as making a profit for the seller or achieving full repayment of the mortgage, are not aligned with the nature of a short sale, where the seller is often in financial distress and unable to meet their mortgage obligations. A rapid turnaround in selling the property is also not a guaranteed outcome of a short sale; the process can be lengthy due to the need for lender approval, potential negotiations with buyers, and other market conditions.