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

$1,599,000
5 Beds
4.5 Baths
4,627 SqFt
Status Active
MLS # 1224301
Property Type Single Family Detached
Spectacular home 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 large 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, outdoor kitchen and beautiful mature trees to canopy the party!

8 Links Green San Antonio, TX 78257

$695,000
5 Beds
6 Baths
6,297 SqFt
Status Active
MLS # 1201200
Property Type Single Family Detached
SHORT SALE! GOLF COURSE ESTATES. Meticulously maintained, this Mediterranean beauty backs up to small park, has 5 bedrooms, 6 baths, exercise room, office, and was custom built for an architect. Exercise room has hot tub. Endless storage with wonderful cabinetry even in 3 car garage. Appx 100K repairs recently completed due to water heater malfunction. All work professionally done. Corner lot with arched entry into courtyard, patio .Great opportunity @$110 per sq. ft. WOW ! ALL OFFERS WILL BE CONSIDERED!

24617 Bogey Rdg San Antonio, TX 78260

$529,650
5 Beds
4.5 Baths
4,418 SqFt
Status Active
MLS # 1238701
Property Type Single Family Detached
Bank Owned, Sold as is where as. Potentially Great 5 Bed 4.5 Bath 2 Story home in the gated Canyon Springs Estates. Pool, Hot Tub, Wine Storage/cooler, Main Floor Master. and 3 car Garage. Listing agent will be happy to show. OPEN HOUSE 6/16/2017, 11 to 1

318 E Huisache Ave San Antonio, TX 78212

$439,000 - 3Br/2Ba -  for Sale in Monte Vista, San Antonio
New
$439,000
3 Beds
2 Baths
2,022 SqFt
Status New
MLS # 1250827
Property Type Single Family Detached
Must see Historic Monte Vista Home recently updated, many of it's original 1913 features have been kept and restored. 318 E Huisache has a gorgeous kitchen, granite counter tops, stainless appliances, cabinet space galore! Impressive restored hardwood floors, high ceilings, open floor plan, spacious dinning, fireplace, with unbelievable natural lighting throughout. Covered patio, plus separate living quarters in back featuring 500+ sqft, w/kitchen, living room, W/D connection, & new deck! Priced to sell!

219 Bluff Hollow San Antonio, TX 78216

$419,900
5 Beds
4.5 Baths
4,573 SqFt
Status Active
MLS # 1214917
Property Type Single Family Detached
Spectacular home in the prestigious neighborhood of Bluffview Estates. You are going to love the potential in this property. You may be looking for gold, but with this home you will find a diamond! It's got nice curb appeal with a great floor plan. Nostalgic finishes throughout. Large covered flagstone patio in the private backyard plus a beautiful in-ground pool. SHOW AND SELL!

24111 Seven Winds San Antonio, TX 78258

$360,000
4 Beds
3.5 Baths
3,291 SqFt
Status Active
MLS # 1221948
Property Type Single Family Detached
Wonderful two story home home in the Hill Country hard to believe this is a Short Sale. Great floor plan with a great backyard to entertain guest. Downstairs Master gives that added charm. Minutes away from Canyon Springs Golf Club, Shops, Restaurants, and Hwy 281.

106 Jardin Vista San Antonio, TX 78258

$332,500
5 Beds
3 Baths
2,976 SqFt
Status Price Change
MLS # 1229574
Property Type Single Family Detached
Gorgeous upgrades define this 5 bedroom, 3 bath home in Mesa Vista. From the all new wood laminate flooring and new Pella fiberglass windows to the stylish quartz countertops and soft close cabinets in the kitchen, this home has it all. Gas cooktop, double ovens, and walk-in pantry. Stainless steel appliances. New tile in baths, new wrought iron railing, and a huge master suite upstairs with an incredible walk-in closet. Large backyard with beautiful stone patio. Water softener.

1946 Fallow Run San Antonio, TX 78248

$329,900
3 Beds
2 Baths
2,461 SqFt
Status Active
MLS # 1234347
Property Type Single Family Detached
You will love this one story home on corner lot. Light & bright open floor plan. Fresh paint and new carpet. The kitchen has granite counter tops and lots of cabinet space. New roof, water heater, and exterior paint. Two eating areas. Fireplace in living room. This one will not last. Seller exempt from disclosure.

2030 Three Forks San Antonio, TX 78258

$314,990
4 Beds
2.5 Baths
2,536 SqFt
Status Active
MLS # 1236443
Property Type Single Family Detached
This one story gem nestled deep within Mountain Lodge is a rare find. Found on a culdesac street, this home features 4 bedrooms 2 1/2 baths with an open concept kitchen with beautiful stainless steel appliances and granite counter tops. The family room features a brick fireplace with soaring ceilings and beautiful wood beam accent. The Master bedroom is split and has a vaulted ceiling and additional versatile sittingroom. Out back, enjoy your covered patio with oversized deck overlooking the backyard.

9323 Wind Dancer San Antonio, TX 78251

$280,000
5 Beds
5 Baths
4,573 SqFt
Status Active
MLS # 1248512
Property Type Single Family Detached
Short Sale. As-is. No repairs will be made. Beautiful, spacious home in Westover Hills area by Sea World. 2 living areas downstairs and 2 eating areas. Huge master suite and 3 secondary bedrooms up, 1 secondary bedroom down along with a weight room/office. Game room and separate media room upstairs. Plenty of room for everyone in this 4573sf home! Verify room dimensions and schools.

25951 Mahogony Trl San Antonio, TX 78255

$275,000
4 Beds
3 Baths
3,744 SqFt
Status Active
MLS # 1213408
Property Type Single Family Detached
MOTIVATED SELLERS. BRING AN OFFER!!! Short Sale. Just an incredible views is the only way to describe this wonderful large home nested in tranquility of Serene Hills. Your guests will love the beautifully craft saloon bar. The 4 bedrooms are large with good size closets. Eat in kitchen with breakfast bar has granite counters, tiled back splash with a over sized pantry. Tile and laminate through out. Priced to sell in the Hill country. Easy access to HI-10 and 1604. Needs new roof. Verify all measu & 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
Offer with Bank and awaiting approval . Short Sale! No 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.