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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359 Everest St San Antonio, TX 78209

$695,000
3 Beds
3.5 Baths
3,829 SqFt
Status New
MLS # 1325522
Property Type Single Family Detached
FORECLOSURE in Alamo Heights School District! *OPEN HOUSE 7/21 12-3 & 7/22 1-3* Don't miss this one! Mediterranean Dream Home features Open Floor Plan, Gourmet Kitchen, Oversized Bedrooms and 1BR/1BTH Basement Apartment. Master Bathroom features hammered copper claw foot tub & spa-like shower! BOSCH Aplliances in the Kitchen & Gerberit Toilets throughout. Private Gated Entry shared with two other homes. Each spacious bedroom offers large walk-in closet and full bath!

2 Montique Court San Antonio, TX 78257

$556,400
5 Beds
5 Baths
4,776 SqFt
Status Active
MLS # 1323109
Property Type Single Family Detached
This home has all the space you have been looking for. Kitchen has gas cooktop in island kitchen. Master bedroom is downstairs, outside access. 3/4 of an acre in cul-de-sac, plenty of room to add a pool. Employees and family members residing with employees of JPMorgan Chase Bank, N.A, its affiliates or subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned by JPMorgan Chase Bank, N.A.

9622 Aviara Golf San Antonio, TX 78251

$469,900
4 Beds
3 Baths
3,356 SqFt
Status New
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.

23011 Diamante San Antonio, TX 78261

$455,500
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!

5910 Amber Rose San Antonio, TX 78253

$399,900
4 Beds
4 Baths
3,982 SqFt
Status Active
MLS # 1242148
Property Type Single Family Detached
POSSIBLE SHORT SALE - $20,700 below sold price in 2016. All 4 bedrooms down, large master, guest suite with private bath, a large family room w/stone fireplace, children's retreat, and a game room, private media room, and full bath up. Spacious kitchen perfect with an oversized island draped with stone, granite, tile backsplash with mosaic inlay, gas stove, built in oven and microwave, with 42 inch cabinets galore. 20 by 20 covered patio with safety railings, enclose gas grill, and refrigerator.

23306 Emerald Pass San Antonio, TX 78258

$370,000
4 Beds
4 Baths
2,914 SqFt
Status Active
MLS # 1302315
Property Type Single Family Detached
SHORT SALE. AN EXCELLENT VALUE IN STONE OAK! Still under builder warranty. This single story open concept floor plan features gorgeous hardwood floors, 11' ceilings throughout, Bonus/game room upstairs, an island gourmet kitchen, two eating areas, and a private study. Large master suite with bay window and spa-like master bath. DIRECTIONS from 281 and 1604 take 281 N for 3.5 miles. Take u-turn at the first light right AFTER Marshall rd. Drive S, take immediate right on St. Croix. Allow 45 to 60 day close.

614 Wyndale San Antonio, TX 78209

$369,000
3 Beds
3 Baths
2,685 SqFt
Status Price Change
MLS # 1306904
Property Type Single Family Detached
Motivated Seller !!!!!! Fantastic family home in the heart of Northwood,NEISD,78209, located across from neighborhood park. Two masters in this one story home add for a lot of possibility's. Open floor plan, bamboo floors, remodeled kitchen w/silestone counters and stainless appliances. Bathrooms remodeled. This home is move in ready!!!!!! New roof in 2016, 8ft high privacy fence w/large outdoor patios, and back detached building 26 x 11, has electricity but needs to fixup

18207 Settlement Way San Antonio, TX 78258

$359,900
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.

11 Bighorn Canyon San Antonio, TX 78258

$359,900
4 Beds
3.5 Baths
3,211 SqFt
Status Active
MLS # 1316481
Property Type Single Family Detached
From the minute you walk into the elegant entry you will know this is home. Clean and ready for you to move right in. Fresh paint, new carpet, appliances, and roof. The island kitchen has granite counters, stainless appliances, and breakfast bar. Master bedroom is downstairs. Sparkling inground pool and spa.

419 Ken Dr San Antonio, TX 78258

$299,000
3 Beds
2.5 Baths
3,152 SqFt
Status Active
MLS # 1314464
Property Type Single Family Detached
Spacious home. All bedrooms are downstairs with game room on second floor. House includes: 2 Large living rooms, separate dining, office area, cover patio and island kitchen.

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.

11300 Whisper Glen St San Antonio, TX 78230

$223,100
3 Beds
2.5 Baths
2,409 SqFt
Status Price Change
MLS # 1289233
Property Type Single Family Detached
Short Sale! No repairs will be made. Sold As-is. Cash preferred. Home has great potential! In the heart of San Antonio - easy to get anywhere! Gorgeous backyard with in ground pool. Great opportunity to get into this area of town at a discount.