short sale vs foreclosure

Short Sale vs. Foreclosure – What’s the Difference?

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Austin, TX? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If … Continued

what is pre-foreclosure | hope scrabble letters

What is a Pre-Foreclosure in Austin?

It’s vital for both buyers and mortgage holders to understand the process of foreclosure due to the millions of homes across the country entering the process. So what is a pre-foreclosure in Austin anyway? Many homeowners across America and Austin are having a hard time making their monthly mortgage payments. If a homeowner misses 3-6 … Continued

How to stay in my home after foreclosure in [market_city] | couple studying

How to stay in my home after foreclosure in Austin

A recent study estimates that 47% of foreclosed properties are still occupied. You might be surprised when you see that stat, but we’re not. Many people don’t recognize that banks aren’t in the business of owning homes. They are in the business of loaning people money. When they foreclose on a house, they must possess the home … Continued

Understanding the Foreclosure Process in [state]

Understanding the Foreclosure Process in TX

Understanding the foreclosure process in TX is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property that has a loan, typically after the borrower stops making payments. Foreclosure is not fun, but know that it’s not the end of the world. … Continued

can i sell my [market_city] house in foreclosure | sign

Can I sell my Austin house in foreclosure?

Do you currently own a Austin, TX house that’s in foreclosure? Many people who are navigating the TX foreclosure process want to free themselves from the burdens of that house and wonder if they are able to sell the house in foreclosure. The short answer: yes. The long answer: it’s complicated, but you can usually sell your property before foreclosure. Generally, the sooner you start, the better. … Continued