How To Stop Foreclosure In San Antonio [Newly Updated]
By Danny Johnson | Published 2/7/2023, 5:55:00 PM
Stop foreclosure in San Antonio with one of these [completely legal] options. Don't let them take what you have worked so hard for!
- Best Ways To Prevent Foreclosure
- Pay Arrears
- File Bankruptcy
- Pay Off Your Loan
- Sell to a Cash Home Buyer
- Stop Foreclosure In Bexar County
- Sell With a Real Estate Agent
- Sell Your House For Cash
- Process For Selling For Cash
- Stop Foreclosure in Texas
- Stop Foreclosure on Inherited Property
- What if probate hasn't been completed?
- Is It Time For You To Stop The Foreclosure Sale?
🗂 Table of Contents
Stop Foreclosure in San Antonio as soon as possible so that you don't give up all that you have worked so hard for all of these years.
Unfortunately, bad things happen to good people all the time.
This doesn't mean that we should give up and put our heads in the sand.
The fact that you are here tells me you are not one of those people.
Congratulations on looking to prevent foreclosure so that you either keep the house or sell it quickly and pull out much of your hard-earned equity.
Best Ways To Prevent Foreclosure
What is the best way to prevent foreclosure? Here are some common options.
You are in foreclosure because you were behind on payments. Now you owe those past due payments plus all of the interest and attorney fees to the bank.
If you are able to pay these arrears or work out a payment plan with the bank, you can avoid foreclosure.
This is not an option for many people as you will need to come up with money you may not have.
You're stuck and that sucks. Let's see what other options might help if this is the case.
Some attorneys will try and sell you on filing bankruptcy. This could be an option if you have the means to make payments.
Bankruptcy is a way to restructure your debt so that it becomes manageable with your current income.
If your income is not sufficient you could still end up going back into foreclosure and losing the money you paid the attorneys to handle the bankruptcy.
Pay Off Your Loan
You could find a way to get another loan to pay off your existing loan. This might be very difficult if your credit is already showing the existing debt and late payments.
This is usually only possible for people who have family members or friends that can loan the money. This typically means higher than normal interest rates and difficult relationships with people you care about.
There is one other way to pay off the loan to avoid and stop foreclosure.
Sell to a Cash Home Buyer
If you find someone that can pay cash to buy the house, you can close quickly and pay off the debt before the auction.
It's important the home buyer can pay cash as you cannot have the closing delayed by issues with the buyer's lender.
Cash home buyers in Bexar County have been helping homeowners stop foreclosure for decades.
The rest of this article will dig in to the 'how' of stopping foreclosure by selling your house quickly to a cash buyer.
Stop Foreclosure In Bexar County
Bexar county foreclosures can be stopped by selling the house before the auction date.
Sell With a Real Estate Agent
If the auction date is not yet set or is months away, you might be able to list with a real estate agent and have the house sold.
That option is considerably risky. If you don't find a buyer fast enough or if the buyer you do find backs out, it could leave you with mere days or hours to do something else. Not good.
According to Rocket Homes the time it takes for a house to sell in Bexar in February 2023 is 57.5% higher than it was in February 2022. This number is growing each month as the real estate market transitions with higher interest rates in 2023.
Sell Your House For Cash
Cash house buyers can buy the house without need for professional inspections or appraisals. They can close quickly. They know how to handle the situation and can even sometimes help you delay a pending auction by informing the court you have the house under contract and just need a couple extra days to close.
Danny Buys Houses is one such company that will buy your house for cash and close very quickly.
Process For Selling For Cash
Selling to a house buying company is typically painless and quick. When you sell to Danny Buys Houses, the process is as follows:
- Give us a call or fill out our quick offer form
- We set an appointment to see the house
- We make you a no-obligation cash offer
If you accept the offer, all the paper work is prepared and sent to a local title company.
The local title company will handle all of the details professionally and legally. This way you don't have to worry about anything!
Stop Foreclosure in Texas
If you are looking to stop foreclosure in Texas but outside of Bexar County, all of the above still applies.
You just will need to find a local cash buyer that is reputable and legitimate. Here's how you ensure the buyer you find is legitimate:
- Check their online reviews
- Ensure they are Better Business Bureau Accredited
- Make sure they have been in business for at least 3 years
- Make sure they can close before any scheduled auction date
Stop Foreclosure on Inherited Property
Need to sell an inherited house before foreclosure? No problem.
The cash home buyer is likely your best option in a situation such as this.
What if probate hasn't been completed?
Even if probate hasn't been completed you likely have options. One option is to use an Affidavit of Heirship if the deceased did not prepare a will. This usually can make a sale possible within a matter of days.
Another option is to ask the probate court to allow the sale before probate is complete with the excuse that the pending foreclosure is looming.
Is It Time For You To Stop The Foreclosure Sale?
If you are facing foreclosure in Bexar county and would like to see how we can help you, please give us a call.
If you would like to see how much we can offer you for your house, regardless of condition, fill out the quick offer form on this page.
There is no-obligation and no fees. You've got nothing to lose.
We hope this article has helped you to understand your options when facing foreclosure in Bexar County Texas. You are not alone and we are here to help.