Tag Archives | short-sale

short sale San Antonio TX

How a Short Sale Works in Real Estate

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 […]

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can a foreclosure be stopped

Can a Foreclosure be Stopped

Let’s imagine that you have missed 3 mortgage payments or your lender has filed a Notice of Default (NOD). If these kinds of things happen you’ll face a foreclosure. That means that you may lose your property. It’s also important to note that a foreclosure negatively affects your credit. So, the big question is – […]

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

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 ? 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).  If you […]

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