Tag: short-sale-vs-foreclosure

short sale San Antonio TX

How a Short Sale Works in Real Estate

By

Let’s imagine the situation that a person has borrowed a certain amount of money to purchase a house. In a few years, a borrower finds it hard to make mortgage payments. Plus, the value of home has dropped by 20% or even more. If such a situation occurs, a borrower will have only two main … Continued

Short Sale vs. Foreclosure – What’s the Difference?

By

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In San Antonio TX? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source). … Continued