San Antonio TX Short Sale Specialists
What is a short sale?
A short sale in San Antonio Texas is a type real estate transaction that occurs upon qualification through a homeowner’s lender with an agreement in which they are willing to accept a lower payout once the home is sold in order for both the homeowner and lender to avoid a foreclosure. If done correctly, the lender agrees to report as "settled in full" on the borrowers credit report and also forgive the borrower of the debt completely.
How do I qualify for a short sale?
The first step is to call us at (877)737-4903. We are a group of San Antonio short sale agents who offer free help to home owners in hardship. We can usually qualify you in just a few minutes over the phone. A lender will typically require you to be in a financial hardship of some kind. Some examples of a hardship are:
- Increased living expenses
- Loss of income or employment
- Excessive medical bills or illness
- Property in need of major repairs without means to make them
- Divorce or legal separation
- Death of a family member
- Job relocation or transfer
In addition to avoiding a foreclosure and bankrupcy, we work to get you forgiven of the debt completely. In addition, we are also able to get relocatoin money back at closing. While this is typically a few thousand dollars, we have helped our clients get up to $40,000 back at closing.
What will I need to provide in a short sale?
In a short sale, a lender will typically ask you to put together what is called a short sale package. Within this package will be financial documentation as well as a written (by you) hardship letter. in order to prove your harship. This is YOUR work in the process. We will market your home and handle the sale and marketing of the property, and also present the short sale package and process the short sale with your lender and work for approval. Here are the documents that your lender will likely require with the short sale package:
- Offer to purchase (provided through US!)
- Listing Agreement (provided by US!)
- BPO (Broker Price Opinion provided by us, showing current "as-is" value)
- W-2's & Tax Returns
- Financial Statements from your bank
- Hardship Letter
- Letter of Authorization allowing us to speak to your lender
- Financial worksheet (goes over your budget)
Can I stay in my San Antonio home until the short sale is complete?
Absolutely. Usually a lender will delay the foreclosure process if we are actively trying to work a short sale. You will not be required to move out until the short sale has concluded. It is advisable to use this time to make other future living arrangements and save any money that you can.
Can any Realtor work a short sale on my home?
More than likely, no. With any profession comes people with specialties. Just look at attorneys and the many different fields of law that are practiced. Short sales are not part of Realtor basic training, and the results of inexperience can be disasterous. You only get one chance at this, so do not trust your financial future to just anybody. We have helped hundreds of area home owners avoid foreclosure with a short sale. There is absolutely no cost to you either to do a short sale, as your real estate brokerage fees and all traditional closing costs are paid for by your lender in a short sale. We are your local San Antonio Short Sale Realtors and are here to walk you through this process and offer free help. Give us a call or fill out the form below to discuss the process in detail and find out if you qualify.
Qualify Today - 1-877-737-4903
If you are searching for a Equator short sale agent , Our San Antonio short sale specialists are Equator Certified agents and are here to offer no cost assistance to you in your short sale! We work with all lenders, including Bank of America, Wells Fargo, Chase Bank and any lender you may have. As your San Antonio TX short sale agents, we will walk you through this entire process and help you avoid a foreclosure and get a fresh start with your life. Contact us today and let's see if you qualify for a San Antonio short sale!