Why Buy a Foreclosure Home in San Antonio, TX?
San Antonio, Texas is a great place to live, and a great place to buy a foreclosure home. Yes, buying a foreclosure in San Antonio can be very rewarding and beneficial for the savvy buyers and even the first time home buyers. Most of these homes only need a few minor repairs, some fresh paint, new carpet or new flooring to become that "Diamond in the Rough" for the First Time Home Buyer, or the savvy investor buyer.
San Antonio presently has an inventory of over 1200 foreclosed homes for sale.
Buyers, who are willing to invest some" sweat and hard-work" to purchase and fix-up one of these foreclosed homes in San Antonio, can save thousands of dollars on their investment. Many of these homes are reduced by $10,000 to $100,000 or more off the market value for a quick sale. First time home buyers may qualify for FHA's 203K (Rehabilitation Loan) to make the needed repairs.
If the repairs in a foreclosed home are $35,000 or less, buyers will want to apply for the New FHA Streamline 203K Loan. With this type of loan, buyers can easily obtain their First Home or Dream Home with less hassle and paperwork. Contact me Today for more information on Rehab Loans, if you are planning to purchase foreclosed homes, and need the extra funds to fix it up.
In addition to the vast inventory of homes available in the local MLS, the Bexar Country courthouse also has an "Open to public auction" on bank mortgage foreclosures and property tax liens on the first Tuesday of every month at the court house steps in San Antonio, TX. Buyer must register before hand for this auction, and have certified funds on hand. Contact Me for assistance with any foreclosed homes for sale in San Antonio, TX.