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What are San Antonio Foreclosures?
The term San Antonio foreclosure property is often misunderstood. There are two types of San Antonio, TX. foreclosures. The first type of San Antonio pre-foreclosure is a San Antonio property is still legally owned by the San Antonio homeowner but who has defaulted on the mortgage payments and foreclosure process has been initiated via a public legal notice posted in Bexar county. The second type is a San Antonio foreclosed home which is already owned by a lender who has foreclosed on the San Antonio real estate.
The foreclosure process is when a mortgage lender initiates the foreclosure sale process in order to take possession of San Antonio real estate via a foreclosure sale. At the San Antonio foreclosure auction the homeowner or interested homebuyer may make the opening bid equal to the payoff the existing mortgage balance, back payments and legal fee's to take possession of the San Antonio, Texas property. If nobody submits the opening bid amount, the mortgage lender takes legal ownership of the San Antonio property and it becomes a San Antonio bank-owned property. Retrove is the only real estate search website that allows you to search real estate listings from all San Antonio REO properties sources. Refine Your San Antonio TX Real Estate Search
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Local San Antonio Real Estate Agent
When buying or selling San Antonio real estate
Contact a local San Antonio REALTOR like: Thomas F SchmitzThomas F Schmitz Office: (210) 344-7763 8026 Vantage Dr # 109 San Antonio, TX. 78230
San Antonio FHA Loan Limits
Current FHA loan limits for San Antonio, TX.
$332,500 - Single Family Home
$425,650 - 2 Units / Duplex
$514,500 - 3 units / Triplex
$639,400 - 4 units / Fourplex
Buy a San Antonio home using a 3% down FHA loan.
San Antonio Property Information
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