How to Do a Regular or a Short Sale on Your San Antonio Home to Stop Foreclosure Fast

san antonio foreclosure

The thought of losing your house is an unnerving prospect for anyone facing foreclosure. Don’t give in to fear. You may have to sell the property, but it doesn’t have to end up on the bank’s auction calendar. There are a few ways to avoid mortgage foreclosure. And this article will help you better understand each method.

My House Is in Pre-Foreclosure—What Can I Do?

The prevention of foreclosure is possible, even if you’ve waited until the last minute to take action. You have three alternatives to foreclosure:

  1. Chapter 13 bankruptcy filing
  2. Deed in lieu
  3. Sale of your condo or house

Each of these options, however, requires immediate action because time is not on your side.

What Last Minute Foreclosure Prevention Methods Should I Consider?

File for Bankruptcy

You can immediately stop a home foreclosure once it has started by filing for a Chapter 13 bankruptcy. Dealing with both bankruptcy and foreclosure at the same time might seem overwhelming. But a Chapter 13 filing will stop the foreclosure sale date and give you a short period to try to work out a payment plan with the mortgage company or find a buyer for your property.

Offer Deed in Lieu

A deed in lieu of a foreclosure is the deed transfer by the borrower to the lender as a way of satisfying a delinquent loan. The borrower loses all equity in the house as well as ownership of the property. Banks don’t always accept a deed in lieu if a second mortgage or a lien could create any liability for them.

Sell or Short Sell Your Home

You can sell your home to stop foreclosure proceedings, pay the debt off to your lender and walk away with the equity you’ve built in the home (minus late fees and other expenses associated with the sale and outstanding mortgage). However, for a regular sale like this you need to owe on your home less than it’s worth.

A short sale occurs when the homeowner tries to sell the house before foreclosure for an amount less than what is owed to the bank. This happens when a house is “underwater,” which means it costs less than the outstanding amount of the loan. The homeowner finds a buyer for the property and takes the buyer’s offer to the lender. If the bank approves the offer, the short sale settles the borrower’s obligation to the lender—partially or completely.

How Can You Sell a House in Foreclosure in San Antonio, Texas?

If you were unable to work a payment plan to get out of pre-foreclosure, the bank might have set an auction date. San Antonio House Cash Offers has been helping homeowners in the San Antonio, Texas area avoid foreclosure auctions for years. We are quick sale home buyers with experience.

We Buy Foreclosure Houses Fast

If you need to sell your home fast to prevent foreclosure in San Antonio, TX, we are the investors to call. Instead of making sellers wait for a year that other investors can take for short sale negotiations, our fast-service model usually has our clients settled with the bank in two or three months.

We Pay You Cash

None of your time will be wasted while we look for financing. We buy short sales and any other properties with cash. We already have the cash ready to close your sale with your lender.

No Commissions or Fees

We conduct any sales, including short sales without a realtors and their commissions to pay at closing. And because all of our expenses are factored into our cash offer, you will have no unexpected or hidden fees at closing.

As-Is Purchase

We buy all homes AS IS. You don’t have to worry about any problems with your property. That mold you just discovered in the basement doesn’t bother us. We regularly buy houses with problems of some type.

Minimum Hassle for You

Our real estate transactions include taking care of all the paperwork. You may need to sign and date a few documents. But other than a few signatures that are required, you have no responsibility for any other paperwork.


What are the benefits of a short sale?

Pros and Cons of a Short Sale

A short sale will not affect your credit score as significantly as a foreclosure auction. And lenders frequently offer short sale help, such as relocation, for sellers because the lenders don’t have the expense of a foreclosure auction and an eviction process. If there are any negative consequences, it would be the work involved in finding a buyer.

Short Sale vs Foreclosure—What Is Worse?

A foreclosure significantly lowers your credit score (by up to 400 points). But a short sale doesn’t have as much impact on your credit (as little as 50 points). You can usually buy a new home immediately after a short sale—instead of waiting for your credit to improve after a foreclosure. And on most future loan applications, you won’t have to list the short sale.

Can I sell my house if I am in default?

San Antonio House Cash Offers is here to help you if your house loan is in default. You don’t have to know every detail of the procedure, whether your home costs more than you owe or it’s a more difficult short sale process that requires more negotiations. We have the experience to negotiate a short sale—from the offer to the closing.

When is it too late to stop a home loan foreclosure?

What does a notice of default mean for a homeowner?

Don’t waste any time if a notice of intent to foreclose has been placed on your front door. Take such a notice seriously because you will be served with foreclosure papers soon. Even if the auction is only a few days away, you may still have time to sell your house and recover some of your equity in it. Or, if you are upside down on your mortgage, we can help you, with a short sale.

How long does the foreclosure process take in San Antonio TX after being served papers?

A house can stay in pre-foreclosure until you are over 120 days behind on your mortgage. You must be given at least 20 days to catch up on missed mortgage payments, after being served with foreclosure papers. Otherwise, a Notice of Sale is sent at least 21 days before the sale to the borrower and the county clerk.

How long can you live in your home before foreclosure in San Antonio TX?

After the auction, Texas law requires you to attend a hearing during which a judge will issue an eviction ruling for you to move out, which you can appeal. If you don’t vacate the house, you will be given an additional 24 hours to move out—or risk being physically removed (including your possessions).

Please share
  • 0
Tap to Call
Request Cash Offer