How to Avoid Foreclosure Now in San Antonio

While the real estate market is rebounding, many people in San Antonio Texas are still struggling to make their mortgage payments.

If you’re underwater on your house or having trouble staying up to date with your regular monthly home mortgage payments, you might be afraid that your mortgage provider is going to foreclose.

The good news is, there are a variety of things that you can do to avoid foreclosure now in San Antonio. It’s very important to keep in mind that moving quickly is definitely critical, and might save your credit rating and your house.

So let’s dive in on a couple of quick tips on how to possibly avoid foreclosure now in San Antonio with your house.

The Keys of How To Avoid Foreclosure Now in San Antonio – Don’t Abandon Ship!

Lots of people simply give up and walk away from their house. There are even areas of San Antonio that have actually started to look like ghost towns, as the economy has impacted homeowners considerably.

Detroit is a prime example of what can occur when people abandon their houses.

This can be a stressful situation, however it’s very important to keep your wits about you. A foreclosure will have a substantial negative impact on your credit rating, and most likely prevent you from buying a house for several years to come. If you sell your house, you might leave a portion of the loan unpaid, and the loan provider might pursue legal action against you for the unpaid part.

While it’s extremely stressful, you do have options:

Negotiate with your home loan provider. Banks and other financial institutions are aware that residents of San Antonio are having a hard time. If you have not missed a payment yet, you might have some leverage to renegotiate the terms of your loan. Banks do not like foreclosing on houses, and many will work with you if you aren’t too far behind. You might be offered forbearance or perhaps even a complete loan modification.

• Ask for assistance from Uncle Sam. Over the last five years, the federal government has actually implemented a number of programs to assist struggling homeowners. The Home Affordable Modification Program (HAMP) permits homeowners having a hard time to modify their loans, lowering monthly payments. The Home Affordable Refinance Program permits homeowners who are current on their home 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 house can be difficult. You aren’t alone. People all over San Antonio are going through the very same problems. Foreclosure can have a long-lasting effect on your financial life, and it is very important to move quickly and make the most of any options readily available. You might save both your credit score and remain in your house.

We may be able to help you avoid foreclosure now … get in touch with us today and let’s discuss your situation. We do not charge any fees… we will assess your situation … and present you your options so you can move on and get this foreclosure behind you.

Give us a call anytime at 210-794-6869 or
fill out the form on this website today! >>

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on selling your house below. Like us, follow us, connect!

Leave a Reply

Your email address will not be published. Required fields are marked *