If you are facing the prospect of foreclosure in the future, perhaps you are wondering if can you get your house in San Antonio back after foreclosure. After all, you need a place to call home!
Unfortunately, after the court rules in the favor of your creditor and complies with the lender to proceed with foreclosure, it’s very hard for you to get your house back.
Rather than wondering if can you get your house in San Antonio back after foreclosure, here’s another option…
The good news is, even if you are not in foreclosure yet, you have options.
The first and best option is to pay off your mortgage or try to work out a payment plan with your lender. They will prefer to keep you in your home and rather just collect the money owed.
If that’s not feasible for you at this time then you may choose to do what lots of homeowners facing foreclosure are choosing to do: Sell your house before it is foreclosed upon and pay the lender what’s owed to them.
While not a perfect option (since you’ll have to give up your house), it is still a preferable option to foreclosure because you’ll have cleared your debt up with the bank and you won’t have the long-term impact on your credit report that a foreclosure would have.
This option is long-term and proactive, which explains the reason why homeowners facing foreclosure like it: it is proactive because you’re taking control of your financial situation; it is long-term since you are accepting the short-term discomfort of selling your home in exchange for your long term benefit of a better credit rating.
Here’s a secret to selling your San Antonio area home fast so the bank can’t take it
You could work at trying to find a purchaser to take your home. However, a quicker and simpler choice is to find an investment firm that buys houses as-is for cash, fast. Instead of spending all of your time and energy trying to find a buyer, there are lots of businesses that can do this for you. Companies like Lone Star Real Estate Solutions LLC will purchase the house from you at a reduced price, and very quickly.