Avoiding Foreclosure in Austin Texas

The single biggest reason a property goes into foreclosure is because there is not sufficient equity in the property to allow the owners to sell. If you are in this category a procedure called a "Short Sale" may be an option worth looking into.

A "Short Sale" is where the bank takes a lower payoff amount in order to allow you to sell your home and avoid foreclosure. In most cases the bank does not want to own your property. It costs them tens of thousands of dollars to foreclose, rehabilitate, market and sell a property. Taking less than what they are owed actually nets them more money in the long run and helps you avoid the credit issues associated with a foreclosure. A win-win situation.

This sounds simple, but the only problem is that working with a bank requires dealing with a huge bureaucracy. Navigating that bureaucracy, knowing what their procedures are and, most importantly, negotiating with them is what we do best.

If you are asking how do we get paid, the good news is that through the "Short Sale" the bank allows brokerage fees and normal seller closing costs to be paid at closing. In many instances this means that the bank actually pays us to help sell your property.

If you would like to talk more about this and other techniques to help sell your property please call or email us for help, or to have your questions answered. There are no dumb questions! Or, fill out the following form and we'll get right back to you...

Frequently asked questions and answers for homeowners about selling your Round Rock or Austin home via short sale.

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