Do you need to sell your house fast and with no headaches? Well give South Texas Home Investors a call today. There is on obligation and when you decide on a price they will close fast. They are cash home buyers and can close in as little as 14 days. No need to worry about cleaning or showings. They will provide you with a no obligation cash offer. No hassles, no inspections just a quick cash closing. South Texas Home investors are the “We Buy Houses In San Antonio” professionals. They are local investors and have been around for several years. Do yourself a favor and call them at 210-729-9030 or visit them online.
We Buy Houses In Corpus Christi Texas. When you fall behind in your mortgage payments on your Corpus Christi TX home, it can feel like you’re drowning in debt. Even if you’re able to make your monthly payment, catching up on a past due balance can be an overwhelming challenge. There are a few options that can help you to avoid foreclosure in Corpus Christi TX and maybe even keep your house, even if you’re seriously behind in payments. Lots of properties in Corpus Christi TX have been lost to foreclosure, but there are many ways to avoid it. We are homebuyers in Texas and below, we have listed the options you can do to resolve your current situation.
1. Bankruptcy In Corpus Christi TX
This is usually the tool of last resort. If you’re being crushed by lots of debt, bankruptcy can be a good way to negotiate with lots of lenders at once. It’s a lot of work, and it won’t help you avoid your mortgage. Different lenders will treat your circumstances in unique ways. You’d benefit from serious professional help – the best you can afford.
2. Reaffirm The Loan In Corpus Christi TX
This can be a good card to play, but it may come with some unseen penalties. Basically, reaffirming the loan is an additional commitment to pay. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned.
3. Making Home Affordable (MFA) In Texas
If your mortgage qualifies, you might be able to participate in MHA. Any loans backed by Fannie Mae or Freddie Mac must be considered for MHA, and other lenders choose to participate in MFA.
With MFA, your payments and/or interest rates might be lowered – even the principal balance (if your home is worth less than you owe). If you’re unemployed, you might be able to get your payments temporarily suspended or reduced.
MFA is a government program, so be prepared to deal with lots of paperwork. It ain’t free money – you gotta work for it.
4. Negotiate With Your Bank In Corpus Christi
Lots of lenders routinely offer some level of assistance. You have to work hard at it, but you might be able to get your interest rate reduced or a temporary reduction in your payment.
Most of the time, lenders will want to steer you to refinance your loan – but by the time you’re a few payments behind, you probably don’t qualify for a reduction in interest rate.
You have to work really hard to negotiate with a bank. Usually, it takes lots of calls and the patience of a saint to get through the bureaucracy. Never, ever act rude. Ask for help from everyone you speak with, but don’t sound desperate. Explain your situation, offer supporting documents, and reassure the bank that you want to live in your home for the long term.
If you’re in need of a temporary fix and want to stay in your home, most banks can be forgiving. Sometimes they’ll be willing to add a few months of payments back onto the primary balance of your loan. It’s all dollars and cents to them, so remind them that you need their help to give them a lot more money in the long run. If they have to sell your house at a foreclosure auction, they’ll take a huge loss.
That sounds obvious, but for some reason, bankers seem to forget it when saying no to someone in need of help.
5. Borrow Money From A Private Investor In Texas
If you’re behind in paying mortgages and need to sell fast, we can help.
In certain circumstances, we may even be able to help you stay in your home.
We work with homeowners in Corpus Christi TX to find solutions to foreclosure problems.
We’ll let you know how we can help.
Sell My House In Corpus Christi TX
If you are ready to sell your house in Texas to avoid foreclosure, we’d love to make you a fair, no-obligation, and no-hassle cash offer on your house! We’re professional Corpus Christi TX home buyers and we offer cash for houses in Texas. We can close quickly (in as little as 7 days if you wanted to) which would save you thousands of dollars vs. trying to sell the property yourself and waiting for months.
Give us a call now at [phone] or fill out this form to get started.
We Buy Houses In Austin Texas. You want to sell your Austin TX house, and you want to get top dollar. Excellent! But “What do I need to do to sell my house in Austin Texas”? We are professional homebuyers in Texas and here are some tips on how to get your home ready to sell if you’re looking for top dollar that the market will bear.
*NOTE: These instructions are if you’re looking to get full retail value for your house sale. However, if you don’t want to do the things below or don’t have the time or money to do the things below, you can still sell your Austin TX house fast for a fair value in a win-win sale that’ll save you time and expense.*
1) Clean, Clean, And Clean Your Austin TX House
Even vacant houses get dusty and dirty, so keep it up! Nothing short of gleaming perfection will impress buyers. If you’re not a total clean freak, hire someone who is to help you out until you sell.
If you’re a slob, consider finding somewhere else to live while you show your property. Maybe you can bribe your cleanest friend to trade houses with you? Seriously, keeping everything immaculate really helps buyers feel comfortable in your space. Nothing stops people faster from buying faster than feeling grossed out.
2) Cultivate A Cohesive, Neutral Style In Your TX House
You don’t have to paint everything off-white. In fact, some subtle colors can really help change the perception of spaces – for example, a soft yellow will help brighten up a dark kitchen, while a deep dark blue or green will help a bright bedroom to feel like a calm place to sleep (but be careful, dark colors will also make rooms feel small).
Spend the money to get high-quality paint and professional help. Subconsciously people will pay more money for a property with just the right colors and very neat lines – it makes the home feel better built, even though it’s just paint.
Optical illusions are real, and psychologists study this stuff. Don’t believe me?
Look it up. And don’t neglect the outside and just do the inside, or anything else that’s unbalanced.
3) Fix Or Replace Anything That’s Broken In Your TX House
Yeah, it might feel like a waste of money to spend an extra couple hundred bucks on a dishwasher that someone else might just pull out and replace again. But really, quite a few buyers will get a home inspection and use the opportunity to negotiate with you. As the seller, you’ll often end up paying more if you try to hide neglected maintenance from the purchaser – and of course, you don’t want to be guilty of fraud.
Make sure you stay in compliance with all the laws.
It’s often a good use of money to hire a home inspector to come through before you put the property on the market. If you ask in advance, they’ll often charge you a tiny rate to come back after you’ve done a bunch of minor repairs and deliver you a clean bill of health. Prospective buyers love to see an independent report on the condition of the house – it makes them feel very comfortable with the purchase.
4) Make Only Necessary Improvements In Your Austin House
The biggest mistake people make when getting their house ready to sell is over-improving. They often spend too much money on customized frills that can’t be recovered in the sale.
Paint is about the only safe investment – it’s easy to overspend on almost everything else, and it’s easy to get ripped off by unscrupulous contractors.
It’s important to know what improvements will produce a return on investment to avoid wasting money.
5) Get Expert Opinions In Austin TX
You should definitely find at least a few decent real estate brokers who will help you price your property, but be honest with them. If you’re going to market the property on your own, don’t make enemies by lying about your intentions. Great brokers are rare, but they make more money for their clients than they earn.
6) Have A Really Great Marketing Plan In Texas
Again, great brokers earn their value by doing this work and spreading the advertising expenses across many clients. It’s pretty expensive and time-consuming to start from scratch on your own, but if you’re already a marketing expert you’re ahead of the pack.
If you’re not, spend the time listening to what the best brokers do to sell houses in Austin TX – just to educate yourself on the options.
We buy houses all over the Austin TX area, and we do all the work so you don’t have to deal with any of this stuff.
Don’t Want To Do The Things Above Yourself? But Still Want To Sell Your Austin TX House Fast?
While everyone wants to get as much as they possibly can from their house sale, not everyone can do the things or wants to do the things required to sell it at full retail value to an end buyer.
Doing the repairs, cleaning the property up, upgrading the property, marketing the property, those all take money and can take lots of time.
If you have the funds to do these things AND you can wait the 3-9 months it takes to sell houses in this market, then you’ll be better off financially to do those things then list it on the MLS (the main property listing service that real estate agents use).
If you don’t have the funds to do these things AND can’t wait months to sell your home, then you may be a perfect fit for our local Austin TX home buying service. You’ll submit basic info about your house over here on our website, we’ll evaluate your house, we’ll make you a fair all-cash offer on your house, and you can decide if it’s a fit for you.
Then we can close FAST (often times within 7 days) if you need us to.
Take a look at what we’ll pay you not to do anything versus the time, expense, and hassle involved with doing it on your own.
So if you’re still asking “what do I need to do to sell my home in Austin TX“, now you have 2 solid options.
- Fix the property up and get it all nice and ready with the steps above to sell it at top dollar
- Let us do all of the work and we’ll make you a cash offer on your property in AS-IS condition. This saves you time, money, and gets the hassle off of your hands.
If you need to sell your house in Texas fast and just want a quick and effective sale so you can walk away, you can sell it to [company]. We’re professional home buyers and we offer cash for houses in Texas. Just reach out to us or fill out the form on this website so we can quickly look at your situation and make you a fast-fair cash offer on your Austin TX property.
We’d like to make you a fair offer on your Austin TX house. Give us a call anytime at [phone] or fill out the form on this website today!
We Buy Houses In San Antonio Texas. Home ownership just isn’t what it was in the 1950’s. In the past, people would buy a home and live there for the rest of their lives, often passing it on to their family. Things have changed. Many first-time homebuyers in Texas are going into it with the attitude that they’ll sell when it’s time for a change. If you’re looking to sell your house, you could be frustrated.
Despite the market trends in San Antonio TX slowly shifting, it’s still very much a buyer’s market. With so much property available, you could find yourself waiting months or longer to get a fair price on your home.
How To Sell Your House To An Investor In San Antonio
One option that many homeowners are turning to is selling to a real estate investor like [company] to buy your house from you.
These independent investors typically purchase homes, repair them, and then use them to generate income; either as rental units or sell them for a profit. San Antonio TX has numerously reputable and trusted real estate investors who will help you sell your home quickly.
Selling your house to an investor is relatively simple.
You provide him or her with information about your home and personal situation.
The investor will then inspect the home and determine a fair value, taking into account necessary repairs, and make an offer. If the offer works for you, you’ll close, and receive the payment for your house in cash, usually within 7 days if you want to close that fast.
How Fast Can You Sell Your House To Local Investor In Texas?
This process is extremely quick compared to more traditional methods, often taking just 7-10 days.
If you need to sell your San Antonio TX home very quickly, with little hassle, selling to a San Antonio TX real estate investor is a great option.
When you work with a real estate investor, there usually aren’t any fees involved, as you don’t have to worry about paying an agent commission, and most often, the investor will cover the closing costs.
While real estate investors are often looking to purchase homes at a discount, allowing them to fix up the house if it needs repairs, then sell the home to another home owner.
The Hidden Costs Of Waiting To Sell Your TX House
Many people don’t consider the hidden costs of holding on to a property.
Extra months of mortgage payments, utilities, maintenance costs, and other fees could quickly add up. By selling at a slight discount, you could potentially end up with a larger sum in the long run.
By selling your home to a real estate investor, you’re saving yourself possible months of headache, and you can quickly move on to your new home. You’ll avoid expensive fees, closing costs, and investors will purchase your home as-is, assuming the costs of repairs that you’d have to pay if you were selling via more traditional means.
Sell My House In San Antonio TX
If you need to sell your house in Texas fast and just want a quick and effective sale so you can walk away, you can sell it to [company]. We’re professional San Antonio TX home buyers and we offer cash for houses in Texas. Just reach out to us or fill out the form on this website so we can quickly look at your situation and make you a fast-fair cash offer on your San Antonio TX property.
Give us a call anytime at [phone] or fill out this form today!
We Buy Houses In Dallas Texas. As professional homebuyers in Texas and experts in the Dallas TX real estate market, we get asked this question a lot “Is it still a buyer’s market today in Dallas TX?”. The answer isn’t as simple as yes or no. In our latest post, we will explain the state of the market for buyers in Dallas Texas.
First Off, It Really Depends On The Property Type And Location In Dallas TX
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing – good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But for condos and townhouses – especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Dallas TX, but seem to be rebounding as the rental market increases.
Investment Properties Are In Demand In Texas
The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Dallas TX market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up the good deals in the marketplace.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.
Financing Is Still A Major Obstacle For TX Home Buyers
Banks are being incredibly strict, requiring lots of money down, and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? It is. But we can help.
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once.
We’re investing in Dallas TX because we believe in the community and the people here.
If you need to sell your house in Texas fast and just want a quick and effective sale so you can walk away, you can sell it to [company]. We’re professional home buyers and we offer cash for houses in Texas. Just reach out to us or fill out the form on this website so we can quickly look at your situation and make you a fast-fair cash offer on your Dallas TX property.
Give us a call anytime [phone] or fill out the form over here today if you’re looking to sell a Dallas TX house fast!
We Buy Houses In Houston Texas. Starting your real estate portfolio can seem like a bit of a challenge. But once you learn a few tips, investing in real estate could become one of the best decisions you ever make. We are professional homebuyers in Texas and we have put together 5 tips to help the first-time real estate investor make their first investment!
Tip #1: Do Your Own Research In Texas, And Never, Ever Stop
Do your own research. Don’t rely on agents or real estate professionals to provide you with everything you need to know. Ask questions, and take in as much information as possible. From the minute you decide you want to invest, and throughout your entire investing journey, continue learning and researching. Learn the areas, trends, property specifics, and any other information you can get your hands on.
Educate yourself continuously and surround yourself with like-minded individuals who share a common goal. Find people who are doing similar things and share experiences and stories. Find a mentor and learn as much as you can from people who have been there before. Learn from the professionals and share stories.
Tip #2: Set Up And Structure Yourself Properly In Texas
Even after doing all the research in the world, you will want to enlist some help from the professionals to ensure you have structured everything property. Build a team of quality people you can count on. This should include a lawyer, tax accountant, real estate attorneys, agents, and someone at the bank you can work closely with. Forming these relationships early will help you in the long run. You will be more adequately prepared to deal with new and challenging situations if you have the right people on your team.
Tip #3: Know Your Options In Houston TX
There are many options when it comes to starting your real estate portfolio. You don’t have to stick to single and multi-family rentals. You could consider leasing a commercial property to local businesses, renting land to people to use recreationally, or even think about investing in mobile homes. Many people make a lot of money by pursuing investments that are off the beaten path. You can also look into REIT’s, or other investment groups. You will have to be able to pull your weight, but working with experienced investors is an excellent way to learn the ropes.
Tip #4: Make Sure It’s Right For You In Texas
Before you dive in, make sure that what you’re investing in, really makes sense for you. Let’s say you’ve heard about all the money to be found in foreclosures. Before you purchase, ask yourself, do you really understand what goes into rehabbing a home? Can you fix drywall, replace windows and copper pipes? If you have never done it before, you might want to reconsider making a fixer-upper your first investment.
If you are investing in a rental property, will you be doing the work, or will you be hiring a property manager? You will need to hammer out all of these details before you can be sure you are making a good investment.
Tip #5: Calculate Your Margins In Houston Texas
You will want to accurately be able to calculate your returns and expenses. Be realistic, not hopeful. There are many methods for calculating these numbers. The 1% rule states the property should bring in 1% of the final sale price each month. The 50% rule states that about 50% of your profits will go towards house expenses, other than your mortgage. Set realistic expectations and goals so you can see great returns as a first time real estate investor!
Sell My House In Houston TX
Whether you want to buy or sell your house in Texas, we can help you! We’re professional Houston TX home buyers and we offer cash for houses in Texas. Just reach out to us so we can quickly look at your situation and make you a fast-fair cash offer on your Houston TX investment property or show you our list of available properties.
Send us a message or give our office a call today! [phone]
While the housing market is rebounding, many people in Austin TX are still struggling to make their mortgage payments. If you’re underwater on your home or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. We are professional homebuyers in Texas and we know a number of things that you can do to avoid foreclosure in Austin TX. It’s important to remember that moving quickly is absolutely paramount, and could save your credit rating and your home. So let’s dive in on a couple of quick tips on possibly how to avoid foreclosure in Austin TX with your home.
The Keys Of How To Avoid Foreclosure In Austin TX – Don’t Abandon Ship
Many people simply give up and walk away from their homes. There are even areas of Austin TX have begun to resemble ghost towns, as the economy has impacted residents significantly.
Detroit is a prime example of what can happen when people abandon their homes.
This can be a stressful situation, but it’s extremely important to keep your wits about you. A foreclosure will have a huge negative impact on your credit score, and likely prevent you from purchasing a home for years to come. If you sell your home, you could leave a portion of the loan unpaid, and the lender could pursue legal action against you for the unpaid portion.
While it’s extremely stressful, you do have options:
Negotiate With Your Mortgage Lender In Texas
Banks and other financial institutions are well aware that citizens of Austin TX are struggling. If you haven’t missed a payment yet, you may have some leverage to renegotiate the terms of your loan. Banks don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. You may be offered forbearance or even a full loan modification.
Ask For Help In Texas From Uncle Sam
Over the last five years, the federal government has implemented a number of programs to help struggling homeowners. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments refinance an adjustable-rate mortgage into a low-interest, fixed-rate loan. Both of these programs are subject to eligibility requirements.
We understand that the possibility of losing your home can be stressful. You aren’t alone. Citizens all over Austin TX are going through the same troubles. Foreclosure can have a lasting effect on your financial life, and it’s important to move quickly and take advantage of any options available. You could save both your credit rating and remain in your home.
If you have decided to sell your house in Texas to avoid foreclosure, you can call professional home investors like [company]. We are your local Austin TX home buyers and we offer cash for houses in Texas. We’re passionate people and we’re happy to help you find answers to your toughest questions about your situation.
Give us a call anytime at [phone] or fill out this form today!
We Buy Houses In Texas. Are you a homeowner and you recently received a foreclosure notice of default in Texas? If you have no idea about it and you want to know what the heck is going on, we got your back! We are professional homebuyers in Texas and in our latest post, we will explain what is a foreclosure notice of default.
Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.
The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy). The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself. Although this can be really embarrassing to someone going through foreclosure, it’s actually very important protection for consumers.
Back before US law required a notice of default, people were sometimes foreclosed on without any warning.
In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their house without due process or warning. It’s even happened around San Antonio TX.
The notice of default is a very important step within the foreclosure process that gives people with an interest in the property to step forward and claim their rights – before it’s too late. If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.
Here Are A Few Key Steps You Should Take In Texas
1) Stay Calm And Don’t Panic In TX
This may sound obvious, but it’s probably the most important. Anyone in foreclosure is dealing with a lot of stress beyond just the property. These situations don’t happen overnight, and they take a while to solve. You’ll get through it by practicing good coping techniques and taking good care of yourself and your family. Panic leads to bad decisions, so stay cool.
2) Educate Yourself About The Process In TX
Learn everything you can about the foreclosure process in your state so that you know what’s happening and what’s coming up next.
3) Gather Your Resources In Texas
There are also many non-profit and government resources available out there. You’ll want good legal and tax advice along the way. Definitely don’t try to do it all yourself. This stuff is super complicated with lots of rules.
4) Learn Your Options In Texas
We’re here to help you avoid foreclosure. We buy houses with cash. We can help you with short sales and even rent-back situations so you (potentially) may be able to keep living in your home. There are many more options than you think.
5) Communicate To Your Bank In Texas
The banks involved don’t want your property. They want money, and what you say matters a lot. You can slow down or stop the foreclosure process if you take the appropriate action.
Want to know more?
Sell My House In Texas
If you have decided to sell your house in Texas to avoid foreclosure, you can call professional home investors like [company]. We are your local TX home buyers and we offer cash for houses in Texas. We’re passionate people and we’re happy to help you find answers to your toughest questions about your situation.
Call us anytime [phone] or connect with us on our website and we’ll lay out all of your options for your specific situation.
We Buy Houses In San Antonio Texas. Are you currently facing foreclosure in San Antonio TX? With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. As professional homebuyers in Texas, we are here to share information! In our latest post, you will know what is a pre-foreclosure in San Antonio TX.
So What Is A Pre-Foreclosure In San Antonio TX Anyway?
Many homeowners across America and San Antonio TX are facing difficulties making their monthly mortgage payments.
When a homeowner misses 3-6 months of mortgage payments, the lending institution will issue a warning, notifying the homeowner to pay or lose their home. This period is known as “pre-foreclosure.”
Banks and mortgage lenders typically provide three months for the homeowner to become current. Of course, this number can vary by bank and situation sometimes.
If a homeowner fails to make the necessary payments, the bank will foreclose on the home, assuming ownership, and evict the homeowner. Thankfully, during this stage of the foreclosure process, a mortgage holder has the opportunity to take advantage of several options to prevent losing their home.
Pre-Foreclosure Options For Borrowers In San Antonio TX
If you’re behind on mortgage payments, you’re likely to receive a “notice of default” from your mortgage lender.
This document will state that you have not made mortgage payments for the last 90-180 days. It’s important not to panic.
You have options that can delay or even prevent losing your home:
- If your mortgage is “above water,” (meaning you have equity in your house) you may be able to refinance your mortgage, receiving lower monthly payments. Check with your local San Antonio TX mortgage broker or contact us and we can connect you with a reputable one.
- You may be able to quickly sell your home to a real estate investor that’s reputable in San Antonio TX like us at [company], using the cash acquired to pay the months of back-payments owed (or we *may* be able to work out something with the lender that relieves all or part of your back payments. We can buy your San Antonio TX area home quickly, often in just a week or two, will pay in cash, and takes the stress out of trying to find a buyer.
- You can contact the bank and ask them to permit a short sale. In a short sale, you’ll sell your home for less than it’s worth, and the bank will take the loss as a tax write-off. In some short sales, you may still be required to pay the difference to the bank if the house doesn’t sell for what is owed on the loan.
- You may be able to declare bankruptcy, which can buy you time to pay your debt. Bankruptcy will remain on your credit report for years and can cause significant damage.
Lenders are very much aware of the widespread financial troubles across the country and they’re willing to work with borrowers a lot of the time.
If you’re honest and communicate with your lender, you’ll often find that there are options that will allow you to remain in your home, or at least salvage your credit rating.
A foreclosure can often negatively affect your credit score by 200-400 points and can prevent you from obtaining a loan of any sort for 5-7 years, so be very dutiful if you’ve received a Notice of Default from your lender.
But if you’re not able to find a solution with your lender working directly with them, connect with us. We may be able to help.
Ways We Can Help If You’re In Pre-Foreclosure In Texas
- We can potentially help with a short sale – Submit your info on this website so we can evaluate your situation to see if we can help.
- We can buy your San Antonio TX area house – We buy homes in San Antonio TX and would love to make you an all-cash offer on your house too. Just fill out the form here to get started.
- You can ask us questions and we can provide you FREE guidance and resources so you can make a well-educated decision. This costs you nothing, there’s absolutely no pressure, no obligation, just free guidance without a catch.
If you’re in the pre-foreclosure stage, you’ve still got time to fix this situation.
Just connect with your bank to see if they’re willing to work with you or contact us if you’d like to see what we can buy your house for or to tap into our free foreclosure foreclosure resources.
Sell My House In San Antonio TX
If you have decided to sell your house in Texas to avoid foreclosure, you can call professional home investors like [company]. We are your local San Antonio TX home buyers and we offer cash for houses in Texas. We’re passionate people and we’re happy to help you find answers to your toughest questions about your situation.
Want to discuss your pre-foreclosure options? Call us at [phone] or submit your info here to get a cash offer on your house.
22. What Is A Pre-Foreclosure In San Antonio TX?
A recent study estimates that 47% of foreclosed properties are still occupied.
We Buy Houses In Dallas Texas. When you first see that stat you may be surprised but we as homebuyers in Texas are not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose on a house, the bank is forced to own the home until they’re able to sell it to get all or most of their money back.
But, what they had found is that when a Dallas TX foreclosed house goes vacant, there is a much greater chance that the house will fall into disrepair. Often times the bank would rather have you in the property even after you stop paying your payments and the foreclosure is started because it wards of vandals and keeps the house in good working order.
There’s been a lot of talk in the media about people living for free after foreclosure – and even many stories about banks “abandoning” properties. In those stories, people are avoiding house payments for months, even years.
Man, that sounds great! Let’s all live for free. (wink)
Wait, it can’t be that simple, right?
No bank would purposely neglect to collect payments. The only way that you get to live without making any payments is when some major mistakes were made. But you might get lucky! It’s possible, and it’s happened before. However, it’s not exactly legal to avoid payments that you owe, and it can get you in serious trouble.
So why are so many foreclosed homes occupied? It’s important to remember that no one wants the house to be vacant. Vacant homes are targets for vandalism and crime.
Staying in the property can help the bank maintain the value of their investment, so it’s actually in their best interests to keep it occupied. Partly because of the ways that the foreclosure laws are structured in Texas, banks may ask you to leave while wanting you to stay.
There are a few perfectly legal ways to remain in your home, even after foreclosure.
How To Stay In My Home After Foreclosure In Dallas
Not all these options are available (depending on your situation and your lenders), and you’ll need some expert advice along the way to help you get through.
1) Wait It Out In Texas
Honestly, this is a pretty bad option, but it seems to be increasingly common. You definitely shouldn’t run away and abandon your house when the first notice of default shows up. Remember that the proceedings and the process takes months and sometimes years. It’s not over until it’s over, so don’t give up too early. On the other hand, don’t wait until the sheriff shows up to evict you to start packing up your stuff.
2) Go To Court In Dallas TX
In very rare cases, judges are granting stays and delaying evictions. This is really only a valid option if you (and your attorneys) can prove that the bank has neglected a legal requirement during the foreclosure process. During the past few years, a lot of fraudulent behavior at banks has been uncovered – so we may see an increasing trend of using the courts to stop foreclosure. Fighting banks with lawyers is very difficult, expensive, and time-consuming, even if you’ve got a perfect case (most people don’t stand a chance).
3) Propose A Move-Out Bonus In Dallas TX
Often buyers of occupied foreclosure properties spend thousands of dollars on lawyers and other costs of eviction, so why not save everyone the time and expense by taking some of that money yourself? It’s known as “cash for keys”. It sounds a little greedy, but greasing the wheels does help everything to run smoothly. Plus, you can help out the bank and the buyers by not abandoning the house to squatters before they’re ready to take possession.
4) Rent Your Texas House Back
It may sound crazy, but some banks are willing to take on previous homeowners as tenants in their property. That’s only a short-term fix, as they’ll want your agreement to vacate the premises as soon as they find someone to purchase the property. In some cases, we can even purchase the property and rent it back to you.
Sell My House In Dallas TX
It’s really good that you’re reading this page and exploring your options.
If you think you need to sell your house in Texas fast, call us. We are your local Dallas TX home buyers and we offer cash for houses in Texas. We’re passionate people and we’re happy to help you find answers to your toughest questions about your situation. We can’t help everyone, but we might be able to help you.