What Is a Short Sale In Real Estate?

TAIT MILITANA | April 9, 2019

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A short sale is when a property is sold at a price that is lower than the mortgage that is owed on it and the lender accepts the loss. While not the preferred option for the homeowner or the lender, a short sale can provide an alternative to costly and lengthy foreclosure proceedings. Economic conditions fluctuate. This means that the assumptions that were made when granting a mortgage may no longer apply some years down the road. During times of rapid real estate price increases, homeowners may quickly build equity as the value of their home rises. But the opposite is possible if a housing crash occurs. Home equity can fall to zero or even become negative and the homeowner can struggle to make mortgage payments.

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CEC Companies

CEC Companies is an innovative specialty services trade provider of mechanical, electrical, plumbing and technology construction, service, repair and installation solutions to some of the largest companies in the United States. Ranked #247 in ENR's national Top 600 Specialty Contractors and #34 in ENR's Texas & Louisiana Top 100 Specialty Contractors, CEC has built a solid reputation as one of the most trusted and largest trade partners in Texas.

OTHER ARTICLES

How Coronavirus (COVID-19) Could Affect Commercial Real Estate Transactions

Article | March 16, 2020

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What is BIM and How Is It Changing the World of CRE?

Article | April 11, 2020

The construction industry has been slow to evolve, especially in the realm of commercial real estate (CRE). In many ways, the construction process is not dissimilar from how it was when the first skyscrapers were built. However, as technology begins to change various parts of the industry, especially how all stakeholders communicate, building information modeling (BIM) is playing a larger role. BIM stands for building information modeling, and it's essentially a way to create as detailed a model of a potential building as possible so that architects, developers, and construction managers can collaborate and answer questions before and during the construction process. The benefit of this is that all parties can share information and potentially avoid costly mistakes.

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Article | February 11, 2020

The pursuit of exceptional people in today’s competitive commercial real estate market is a challenging proposition. DFW has a wealth of talent who could work at any number of prestigious real estate firms. So, what sets one global commercial firm apart from the next? How do we attract and keep the best in the industry to better serve our clients?

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Spotlight

CEC Companies

CEC Companies is an innovative specialty services trade provider of mechanical, electrical, plumbing and technology construction, service, repair and installation solutions to some of the largest companies in the United States. Ranked #247 in ENR's national Top 600 Specialty Contractors and #34 in ENR's Texas & Louisiana Top 100 Specialty Contractors, CEC has built a solid reputation as one of the most trusted and largest trade partners in Texas.

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