San Antonio Area Short Sales & Foreclosures
Looking for foreclosed homes for sale in San Antonio? You've come to the right place! Below, find short sales and foreclosures in San Antonio and surrounding neighborhoods.
What is a short sale? Short sales occur when a property is sold for less than the amount the owner owes the mortgage company. Typically, a short sale can mean the buyer pays less than they normally would for that property and the seller avoids having a "foreclosure" on their credit record.
What is a foreclosure? When someone cannot afford to pay their mortgage and cannot sell their property via short sale, the property is seized by the bank (the lending institution) and becomes a foreclosure. When purchasing a foreclosure, you are buying a property from the bank. You can get a good deal, but make sure to get estimates on any repairs the home needs, as all foreclosures are bought as is.
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