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

$1,375,000
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.

8635 Terra Dl San Antonio, TX 78255

$955,000
4 Beds
4.5 Baths
4,191 SqFt
Status Active
MLS # 1254505
Property Type Single Family Detached
The 2009 Stadler Parade of Homes beauty combines Hill Country views, detailed finishes from top to bottom, and is a true Mediterranean show place. Gorgeous stone work throughout, dynamic waterfall pool and a charming courtyard entry, 2nd bedroom down with private entrance perfect for mother-in-law suite or quarters. Terra Mont is near the Rim, La Cantera, USAA, Fiesta Texas, and set in a country atmosphere. Must see this quality home to appreciate.

24617 Bogey Rdg San Antonio, TX 78260

$529,650
5 Beds
4.5 Baths
4,418 SqFt
Status Active
MLS # 1266918
Property Type Single Family Detached
Bank Owned Sold As Is. Potentially Great 5 Bedroom, 4.5 Bath 2 Story home in the Gated Canyon Springs Estates. Home has Pool, Hot Tub, Wine Storage, 3 Car Garage, and Main Floor Master. Listing Agent will be Happy to Show.

110 Lantana Way San Antonio, TX 78258

$420,000
3 Beds
2.5 Baths
2,791 SqFt
Status Active
MLS # 1271391
Property Type Single Family Detached
Short Sale - Great value on a Gorgeous Mediterranean home in the prestigious Village @ Champions Ridge w/ beautiful landscaping. Pristine care & the grand entrance w/ high ceilings will leave you impressed. After seeing the Gourmet kitchen, granite counter tops, and cabinets you will not want to leave. Travertine floors, crown moldings, recessed lighting, & large baseboards give the home an elegant feel. Outdoor covered patio is great for entertaining & plenty of space for a desired pool. Feels like home!

17739 Maui Sands San Antonio, TX 78255

$397,000
5 Beds
4 Baths
3,570 SqFt
Status Active
MLS # 1252674
Property Type Single Family Detached
A fantastic home a fantastic opportunity awaits. A great floor plan. High ceilings and an open floor plan. Lots of natural light. Gourmet kitchen shows like a gem. Downstairs second master. Outdoor Kitchen Tandem 3 car garage.

180 Sunrise Hill Castroville, TX 78009

$370,500
4 Beds
3.5 Baths
4,254 SqFt
Status Price Change
MLS # 1253112
Property Type Single Family Detached
***HUGE PRICE REDUCTION!!*** This private getaway has a no-ending list of upgrades! 2 Living, 2 Eating, 1 Office, HUGE Master down, High Ceilings, Theater WITH Audio and Wiring (just add projector, screen, and seating) 10' ceilings, 22' Living Room ceiling, GAS cooktop, Granite kitchen, OVERSIZED island, Wood Floor living room, Jogging trail runs thru back lawn, Culdesac, over 1/2 acre, 8.5 straight miles from 1604 on Potranco, Near Citibank HQ. Come by and Come BUY your next investment! *SOLD AS-IS

24206 Old Path San Antonio, TX 78260

$299,000
5 Beds
3 Baths
3,106 SqFt
Status Active
MLS # 1135672
Property Type Single Family Detached
SHORT SALE. 5 bedroom Log Style Home with a Pool on 2.68 acres just outside Loop 1604! A beautiful home in a serene setting in need of some work, priced to sell. Seller will make no repairs. No HOA, NEISD, Reagan High School.

4314 Amos Pollard San Antonio, TX 78253

$237,500
4 Beds
2.5 Baths
2,521 SqFt
Status Active
MLS # 1264981
Property Type Single Family Detached
This is a SHORT SALE!. Nice one story in Alamo Ranch $25,000 below market! Priced accordingly to work that needs to be done. Please check with your loan officer to make sure the loan can be completed with the work that needs to be done. Will not last long at this price!

27127 Trinity Bnd San Antonio, TX 78261

$235,000
4 Beds
2 Baths
1,862 SqFt
Status New
MLS # 1273791
Property Type Single Family Detached
GORGEOUS 1 Story split level plan home with beautiful Tile floors, high ceilings, rock fireplace and built in media niches. Kitchen boasts double ovens, gas cooking, granite counters, SS appliances & serving bar. Master retreat & spa bath w/large walk in closet, along w/3 other bedrooms/baths all on 1 level. Great covered patio & deck for entertaining & so much room to play in the large backyard! Great schools!

27010 Granite Path San Antonio, TX 78258

$230,700
4 Beds
2.5 Baths
2,576 SqFt
Status Active
MLS # 1222940
Property Type Single Family Detached
Approved Short Sale! Stone Oak 4 Bedroom Home in Reagan High School District! Beautiful Open Floor Plan with Dual Living Areas & Fireplace, Kitchen has a Large Island & Plenty of Cabinet Space! All Bedrooms have Wood Laminate Flooring! Living RM Can be Split to Have Formal Dining Room. Master Bedroom Retreat is Expansive w/His/Her Closets & Separate Vanities, Huge Utility Room with Built in Shelving for Pantry. Back yard has lots of Mature Trees , Patio, Pergola.

13118 Hill Forest St San Antonio, TX 78230

$230,000
4 Beds
2 Baths
2,048 SqFt
Status Active
MLS # 1272235
Property Type Single Family Detached
Cash only buyer, Foreclosure unfinished rehab project need Kitchen Cabinets, new ac unit, new windows and landscaping, TLC great for Investors and flippers

8026 Andrews Pass San Antonio, TX 78254

$229,900 - 3Br/2Ba -  for Sale in Stillwater Ranch, San Antonio
New
$229,900
3 Beds
2 Baths
1,703 SqFt
Status New
MLS # 1274707
Property Type Single Family Detached
You will know this one is special when you enter the arched brick entry. Interior has coffered ceilings and open floor plan. You will love the open kitchen with granite counters and stainless appliances. Master bath has separate shower and garden tub. Covered patio. Stillwater Ranch is a beautiful community located in the Alamo Ranch area. Convenient to shopping, restaurants, and entertainment. Easy access to 1604 and 151