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The financial crisis in the US, no matter where the blame falls, has caused an over-abundance of foreclosures on the market, in many areas of the United States. The national buzz is that homes are being bought for 50 cents on the dollar... Unfortunately, or fortunately, depending on your perspective, that simply is not true in San Antonio. So let's talk about it:Through misfortune or fraud, an owner loses their home to the lender through the foreclosure process. Depending on the bank, they are now trying to sell an asset to offset the loss of the foreclosure itself. The process of … (4 comments)
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