Overextended homeowners in San Antonio area markets combined with stagnant employment opportunities in some job fields increase the odds that individuals will find themselves in desperate mortgage situations. Despite the trauma foreclosures impose on homeowners and communities, real estate professional Thom Perdue, a foreclosure specialist—can make a difference.
When homeowners fall victim to economic circumstances and face losing their homes, the properties can sit vacant and incorrectly priced for months or even years as lenders try to unload them, leading to a decline in property values at best and a rise in crime at worst.
If enough homes in any particular area enter foreclosure, the fabric of the neighborhood can change as homeowners move—sometimes flipping the properties to investors who flip them again, perhaps without anyone ever moving in. The problem can affect any neighborhood of any economic class in the state.
As your real estate professional, I can help turn the tide against declining neighborhoods by finding stable buyers and helping them locate reliable lenders, contractors, landscapers or repair professionals to restore these properties if needed. Although, many foreclosed homes in today’s market are in good condition, the street appeal is usually degraded at the very least.
I can help homeowners become aware of the financing options available to them to help save them from the many downsides of foreclosure within the often-strict deadlines to close the transaction. The back-and-forth nature of offers generally doesn’t apply with foreclosures. You usually have one shot—win or lose.
Learning to handle foreclosures with grace and expertise has come with time and experience. The process can be frenzied, but it also can be personally and financially rewarding for everyone. If you need help with a pending foreclosure, now’s the time to contact me before it's too late. To learn more about foreclosures, contact Thom Perdue, ABR, CRS, Texas Real Estate Broker.
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