Tag: foreclosure

short sale San Antonio TX

How a Short Sale Works in Real Estate

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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
ways to stop foreclosure in Texas

Ways to Stop Foreclosure in Texas

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Let’s say the worst has happened and your bank is threatening to foreclose on your home. The question now is, what do you do? This is definitely a trying time for you and your family, and you might not be able to think of a way to get out of the situation. The fact is … Continued
can a foreclosure be stopped

Can a Foreclosure be Stopped

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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 – … Continued

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

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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

How to stay in my home after foreclosure in San Antonio

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A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

Understanding the Foreclosure Process in TX

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Understanding the foreclosure process in TX is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s not … Continued

Can I sell my San Antonio house in foreclosure?

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Do you have a San Antonio TX house that’s in foreclosure right now? Many people going through the TX foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you … Continued