Serving San Antonio’s Distressed Home Owners and Families by restoring Hope and Peace

San Antonio Short SalesIn today’s rapidly changing economy, home owners are faced with new challenges everyday just trying to hold on to their jobs, keep their bills current and of course avoid losing their homes and destroying their credit that will effect them for many years to come. Although markets do seem to repeat themselves as history has show us and do occur in cycles, nobody is for certain just when things do plan on turning themselves around. When faced with difficult challenges financially, it tends to effect us spiritually, mentally and emotionally all which can result in negative side effects that affect no only you, but your family, friends and loved ones. Knowing where to turn for guidance and help through these times is certainly crucial and by facing our challenges head on instead of avoiding them; it not only makes us stronger and more wise; it will improve the lives of those around you that care about you and depend on you as well. In fact, it also can improve the lives of your neighbors and surrounding communities.

Lately we have been successfully negotiating and working more and more short sales for those that are truly in need of them, however we also know that many of you have been inquiring about short sale possibilities on your own homes and it is apparent that there is alot of confusion out there regarding short sales.

If I would sum all of this up, even to agents out there I would say that the process of consulting homeowners and sucessfully negotiating short sales is purely an art form and not a science! Each homeowner and their situation is unique as well as each bank’s own policies and procedures are different and unique so there is no universal system that can break all of this down, but there are certainly ways to help minimize the confusion and erroneous beliefs.

You the seller are faced with a tough position, first you must understand what your rights and know what options are available to you.

  • Refiance (If current, take advantage of current low rates to decrease mo. pmt)
  • Sell and Bring Cash to closing (Liquid assets brought to bring up balance due)
  • Lender Workout (Loan modification, Forbearance, Reinstatements, Repayments)
  • Short Sale (Bank will accept a pay off less than owed to avoid foreclosure)
  • Investor Exchange (Lease Options, wraps and qualifying and un-qualifying assumptions)
  • Bankruptcy (If you desire to stay in the house, contact legal counsel for protection)
  • Deed in lieu of foreclosure (just trade over property to lender to cancel out the note)
  • Foreclosure (Bank takes over possession and attempts sale on courthouse steps)
  • Walk-away and Do Nothing

So many times I have agents come to me and tell me that their client would like to pursue a short sale because they don’t have any equity in the house and are being relocated. Unless they are also not making their monthly payments (either full or short pays) at that time they would probably not qualify for a short sale. There MUST be a qualifying hardship present which includes but not certainly limited to:

  • Job Loss
  • Business Failure
  • Illness and Medical Costs
  • Divorce or death of spouse
  • Natural Disasters

A bank will not desire to perform or be in need of loss mitigation unless they do have a note that is “non-performing” or delinquent. Of course, a Realtor can never advise you to actually “fall-behind” on your mortgage to qualify, but if you do have recourse concerns or questions; it’s always advised to seek advice from a finance, tax and legal professional. The U.S. Foreclosure Network can be a possible source to locate attorneys who specialize in bankruptcy and foreclosure that may help on little or no fees.

There are some other major requirements that would qualify a seller for a short sale such as sufficient time left before foreclosure date, amounts owed and to the number of liens currently on the property, condition of the property and the willingness of the homeowner to do all that is required of them before and during the process. More information regarding these and much more is available at www.thetallshortsaleguy.com.

One last soap box comment from me and my opinion is that if you are truly in need of some help and guidance, why on earth just call up some “jo-blow” Realtor or any other real estate agent that has little to no experience in not only short sales, but experience in guiding distressed and desperate sellers to getting the right help? There is many resources out there for help available and since everyone’s situation is different, we are always happy to offer a free counsultation to you to see if we can help point you in the right direction.

In the meantime, here are some more very helpful links that will be a great benefit to you:

As always, feel free to give us a call for a free consultation.

210-286-4440

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110 Encino Ave Alamo Heights, TX 78209

$1,195,000
5 Beds
4.5 Baths
4,627 SqFt
Status Active
MLS # 1224301
Property Type Single Family Detached
Built in 1924 on .42 acres in Old Alamo Heights.Main house is 4,042 sq. ft. with 4 bedrooms, 3 1/2 baths.The master suite has a sitting room, 3 master closets (large custom closet is a must see!) gourmet kitchen with 6 burner gas cook top, granite & game room with wet bar which opens to backyard.Separate 585 sq. ft. casita perfect for guests.Large backyard ideal for entertaining with a Keith Zars pool w/water feature.

27025 Smithson Valley Road San Antonio, TX 78261

$999,900
4 Beds
6 Baths
7,851 SqFt
Status Active
MLS # 1336572
Property Type Single Family Detached
This home has it all! The main house has 6240 sq ft and includes 4 bedrooms, 6 baths, office, game room, media room, with master bedroom downstairs. There are 3 private courtyards. The guest house has 1000 sq ft with 2 bedrooms, 1 bath, living room with fireplace. The grounds include fenced inground pool, tennis courts, gazebo, Full kennel with 6 runs. Horse barn with 4 stalls, tack room, & hay room. Circular drive & fountain. Seller exempt from disclosure.

359 Everest St San Antonio, TX 78209

$669,000
4 Beds
4.5 Baths
3,829 SqFt
Status Price Change
MLS # 1325522
Property Type Single Family Detached
Mediterranean Dream Home in Alamo Heights ISD!! Recently Revitalized home offers Open Floor Plan W/Gourmet Kitchen, Oversized Bedrooms and 1BR/1BTH Basement Apt w/separate side entry-INCOME PRODUCING POTENTIAL! Master Bathroom Retreat features hammered copper claw foot tub & spa-like shower! With BOSCH Appliances in the Kitchen & Gerberit Toilets throughout, this home offers absolute luxury. Each spacious bedroom offers large walk-in closet and full bath! Private Gated Entry shared with two other homes.

101 Briarcliff Dr San Antonio, TX 78213

$453,900
5 Beds
5 Baths
4,944 SqFt
Status Price Change
MLS # 1333576
Property Type Single Family Detached
Location, Location, Location! Quality built home in Castle Hills. Check out the size of these rooms. Master bedroom downstairs has outside access. Two secondary bedrooms and office downstairs. You will not believe the amount of counter and cabinet space in the kitchen. Entertaining in this home will be easy. Full bar area, Fireplace in family room and gameroom. Inground pool in backyard. Plenty of space for the entire family and all of your friends.

23011 Diamante San Antonio, TX 78261

$450,945
3 Beds
3 Baths
2,838 SqFt
Status Active
MLS # 1305851
Property Type Single Family Detached
Begin here! Beautifully maintained 3 bedroom, 3 bathroom home with study, and game room with wet bar. Gorgeous Chef's kitchen with stainless appliances, KitchenAid 48 gas range, granite counter tops and custom cabinets. Gleaming wood floors, upgraded carpet and custom tile accents. Spacious master suite and secondary room downstairs. Large covered patio. Energy Star Certified with solar shingles, foam insulation and tankless water heater. Great location near Hwy 281 and JW Marriott Resort!

9622 Aviara Golf San Antonio, TX 78251

$449,900
4 Beds
3 Baths
3,356 SqFt
Status Active
MLS # 1325378
Property Type Single Family Detached
Gated Private residence On the 7th hole of the Hyatt Hill Country Resort. This Ranch Style Home built by Sitterle is the Peruigia Model with 4 Bedrooms, 3 Baths. Granite Counter Tops Throughout,And Much,Much more. You will be living in 3356 Square feet of luxury, Two covered Patios, one for a Hot Tub and the second for dining. Don't miss out on the opportunity of a lifetime, it wont last long.

18207 Settlement Way San Antonio, TX 78258

$349,900
5 Beds
4 Baths
3,565 SqFt
Status Active
MLS # 1296477
Property Type Single Family Detached
Excellent floor plan. Two living and two dining areas, office, and game room. Stone fireplace in living room. Check out the kitchen. Solid counter tops, dbl ovens, cooktop, and microwave. Downstairs guest bedroom and full bath. Upstairs game room. Covered deck over looks spacious backyard with mature shade trees. All this in popular Rogers Ranch conveniently located near major highways, newer shopping, and yes all your favorite restaurants.

21739 Seminole Oaks San Antonio, TX 78261

$280,000
4 Beds
2.5 Baths
3,132 SqFt
Status Active
MLS # 1315845
Property Type Single Family Detached
This 4 bedroom. 2.5 bath home is located in the gated subdivision of Wortham Oaks. It is being sold as a Short Sale & As-Is with High Ceilings, A Loft Area that can be used as a study/office or media room and the Master Bedroom is downstairs. The Kitchen has a walk-in pantry and the Living Room has a Gas Fireplace. Enjoy the backyard on the nice sized deck or hang out on the upstairs balconies. Minutes away from Evans Rd, Loop 1604, Hwy 281, Various Parks, Retama Park, Selma & Universal City.

470 Oak Knoll Dr San Antonio, TX 78228

$275,000
3 Beds
2 Baths
2,206 SqFt
Status Active
MLS # 1338045
Property Type Single Family Detached
Charming ranch-style home nestled in the trees on acreage, close to major highways, 4 car garage, small guest quarters separate from main house, carport for workshop area, stone fireplace, motivated bank owned foreclosure property.

8119 Lovela Bend San Antonio, TX 78254

$274,000
5 Beds
3.5 Baths
3,400 SqFt
Status Active
MLS # 1331906
Property Type Single Family Detached
SHORT SALE ~ Awesome Opportunity ~ Meritage Built 2 Story w/3 Car Garage ~ Open Island Kitchen w/Granite Counter Tops, Gas Cooking & Tons of Dark Stained Cabinets ~ Open Living to Family Room ~ Luxury Mstr Ste and Bath w/Hg Walkin Closet ~ Kiddos Retreat Upstairs Including Large Game Room and Perfect Media Room for Family Night Movies ~ Great Neighborhood Amenities ~ Close To Shopping and Entertaining ~

427 Donaldson Ave San Antonio, TX 78201

$249,000
3 Beds
2 Baths
1,614 SqFt
Status Price Change
MLS # 1336194
Property Type Single Family Detached
Charming Historic Home in Monticello Park offers very spacious dual living areas plus separate dining room! Updated kitchen with Newer Appliances. Original Built-ins remain in Dining Room. Refinished Hard Wood Floors. Master Bath offers His/Hers Walk-in Closets and beautifully tiled walk-in Shower. Large backyard with detached two-car garage! Just a short Walk to Woodlawn Lake Park!!

2417 York Bend San Antonio, TX 78245

$245,000
5 Beds
3.5 Baths
2,679 SqFt
Status Active
MLS # 1332342
Property Type Single Family Detached
Welcome to this Beautiful 5 bds and 3 1/2 baths two story gem is in a prime location off 1604 between Potranco and Marbach. Features an open floor plan with a large living, dining,kitchen,utility room, Water Softener, and a loft/family room. The generous master features-walk-in closet and double vanity. Enjoy the covered patio and large yard-Nestled at the end of a cul de sac and large green belt, this house is a breath of fresh air for any family. Neighborhood Amenities a plus! This property won't last!