Understanding the foreclosure process in Texas is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun. But just know that it’s not … Continued
A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be Very surprised… but we really aren’t. What most people don’t realize is that banks aren’t in the business to own homes. They really don’t want the houses. They are in the business to loan … Continued
Whether you’re a buyer or a borrower/seller, a short sale, and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Houston, Texas? In simple terms… “A foreclosed home is one in which the owner is unable or unwilling to make his or her mortgage payments and the bank repossessed the home” (source). … Continued
With millions of homes across the country going into foreclosure because of covid, it’s very important for both home buyers and mortgage holders to understand the exact process of foreclosure in Texas. So what is a pre-foreclosure in Texas anyway? Well many homeowners across America and Texas are facing difficulties making their monthly mortgage payments. … Continued
While the housing market is rebounding from Covid, many people in Houston are still struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. This could happen. BUT! Thankfully, there are … Continued
If you have gotten a foreclosure notice or notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice or notice of default is a document that has to be filed by a lender to start the process of foreclosure. This is the document that starts the … Continued
Why rent when you can own in Beaumont Texas? Great question! If you’re looking for a Beaumont houses for rent you may want to consider your other options as a potential homeowner in the Beaumont area. Most locals who are looking for homes to rent in Beaumont are likely looking at renting as their only … Continued
So, you’re looking for a place to rent in Beaumont? As you’ve already seen… there are a lot of options in the Beaumont area for housing. All the way from apartments in Beaumont to rental houses in Beaumont… condos… mobile homes, and more. But if you’re struggling to decide if you want to rent an … Continued
This question comes up from time to time… and honestly, the answer to this question has changed in recent years based on a not so new law that was enacted that affect what a home owner can do when they’re selling their house under a rent to own agreement. Got to love the government. One … Continued
A really common question and concern from people looking at renting to own a Beaumont house is “are you required to buy the house in a rent to own home contract ?” at the end of the rental term. As an example… … lets say you found a great Beaumont rent to own home and … Continued
