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Unit 7 - Promulgated Addenda, Notices, Other Forms (Terms)
Terms in this set (2)
A secondary contract; a contract in which the contracting parties recognize the existence of a superior contract between one of the parties and a third party; created by use of the TREC Addendum for Back-Up Contract.
A sale of real estate in which the sale proceeds fall short of the balance owed on the property's mortgage loan.
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