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.

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2006 Elm Crst San Antonio, TX 78230

$549,000
4 Beds
2.5 Baths
3,104 SqFt
Status Active
MLS # 1279955
Property Type Single Family Detached
You will enjoy coming home to this executive style home located at the end of a cul-de-sac in secure Elm Creek subdivision. Has split bedroom arrangement and a large master with two expansive walk-in closets, and Jacuzzi tub. Exceptional kitchen with island, large pantry and Sub-Zero refrigerator, and freezer. Bar area with wine cooler. Large covered patio, gas grill. Polymer quartz garage flooring. VA assumable loan at 3.375% with qualifications. Vacant, and easy to SHOW!!

23011 Diamante San Antonio, TX 78261

$469,900
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!

614 Wyndale San Antonio, TX 78209

$439,900
3 Beds
3 Baths
2,685 SqFt
Status Back On Market
MLS # 1306904
Property Type Single Family Detached
Fantastic family home in the heart of Northwood, 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. This home is move in ready. New roof in 2016, 8ft high privacy fence w/large outdoor patios, and back room 26x11 could be a casita or office.

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.

18207 Settlement Way San Antonio, TX 78258

$364,900
5 Beds
4 Baths
3,565 SqFt
Status Price Change
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.

306 Carolina St San Antonio, TX 78210

$330,000
3 Beds
2.5 Baths
2,844 SqFt
Status Active
MLS # 1305671
Property Type Single Family Detached
LAVACA FIXER-UPPER!!! This craftsman beauty has unbelievable potential. Bring your contractor and your imagination. This house needs repair and is offered strictly AS-IS. Lender-owned FORECLOSURE. Seller will do no repairs and has no reports or inspections. Bring all offers.

14510 Rifleman Rd San Antonio, TX 78254

$319,900
5 Beds
4.5 Baths
3,340 SqFt
Status Price Change
MLS # 1288738
Property Type Single Family Detached
SHORT SALE! PRICED BELOW MARKET VALUE! WHAT A STEAL! This gorgeous home features stunning architectural features, high ceilings, a beautiful open floor plan, oversized kitchen w/top of the line SS appliances, dbl ovens, granite countertops and farm sink. Two eating areas, huge game room upstairs. 5 large bedrooms with walk in closets, 4.5 baths. Master downstairs w/ large master bath featuring an amazing walk in shower. Excellent amenities and schools. Come see it today!

6703 Harmony Farm San Antonio, TX 78249

$315,000
4 Beds
3 Baths
2,170 SqFt
Status New
MLS # 1312012
Property Type Single Family Detached
This Short Sale property is sold As-Is and is located in the gated subdivision of Steubing Farm. The One and half story home is located on a culdesac with 4 bedrooms and a floor plan with spacious rooms. Nice sized yard with covered patio. Close to DeZavala Rd., IH-10, and Babcock Rd. Elementary school is within walking distance. Minutes away from UTSA, Bamberger Nature Park, Shops, Restaurants, Movie Theaters and Six Flags.

3107 Swandale Dr San Antonio, TX 78230

$285,000
4 Beds
2 Baths
2,737 SqFt
Status Active
MLS # 1286695
Property Type Single Family Detached
A great buy for this neighborhood. Living area has high ceilings and is quite appealing. formal dining area. Well laid out Kitchen has been updated with granite counter tops and recently installed stainless steel appliances. Split bedroom plan. A large enclosed patio. Established neighborhood in north central San Antonio. This home shows well.

622 Sweetbrush San Antonio, TX 78258

$285,000
3 Beds
2.5 Baths
2,544 SqFt
Status Back On Market
MLS # 1303873
Property Type Single Family Detached
Rare Opportunity to purchase a home way below market value in the Gated Community of Greenview of Sontera. Home needs some cosmetics, but you'll appreciate the value. This is a Short Sale and all offers are subject to bank approval.

227 Northridge Dr San Antonio, TX 78209

$270,000 - 3Br/2Ba -  for Sale in Northridge Park, San Antonio
New
$270,000
3 Beds
2 Baths
1,477 SqFt
Status New
MLS # 1313300
Property Type Single Family Detached
Excellent investment potential in this 3/2 for remodel or income property. Great area, awesome mature tree in front yard, private back yard, detached 2 car garage, needs work, but great area and price, walking distance to Alamo Heights Middle School. Run the numbers and come on buy today!

20738 Cape Coral San Antonio, TX 78259

$239,000
4 Beds
3 Baths
2,653 SqFt
Status Back On Market
MLS # 1269568
Property Type Single Family Detached
Short Sale approved. Fox Grove & minutes away from JW Marriott Hill Country Resort! Fantastic two story plan features 3 bedrooms down, 1 up. Upper recreation room can be used as game room, office/study, play area or possible 5th bedroom. Kitchen Island, overlooking family room & dining area, 9' ceiling. Luxurious master retreat with spa like atmosphere, separate garden tub and walk in shower. Two car garage, brick Exterior on all sides. Need some repairs.