What Homeowners in San Antonio Can Expect During the Foreclosure Process


If you’re concerned about your property going into foreclosure due to circumstances beyond your control, the optimum scenario would be to work with your lender for a resolution before things go any further. However, going through the foreclosure process can be made easier when homeowners understand what lies ahead, so read on and then later visit our foreclosure guide as we explore what homeowners in San Antonio can expect during the foreclosure process. 


Lenders understand that homeowners in San Antonio may go through temporary financial hardships, often having a grace period for these situations. However, those grace periods will only last so long, and if you’ve fallen behind and don’t see any options on the horizon. In that case, you can expect the lender to contact you in every way possible during the foreclosure process. At first, attempting to work out a payment arrangement to avoid further action. Then, they will look to take the next steps and you should look for ways to avoid the foreclosure.

Notice of Default


Lenders will issue a notice of default to homeowners in San Antonio, now you only have a certain amount of time to pay the past due amount. You want to pay close attention to any letters or documents that you receive because they will tell you where you are in the foreclosure process and the deadlines before your house is foreclosed on.

Mortgage Reinstatement

Homeowners in San Antonio who have entered the foreclosure process but can catch up with the past due payments, including interest and any penalties, can stop the process at this point by working with the lender to reinstate the mortgage, stopping the foreclosure and then continue paying their mortgage as usual. Communication with the lender is key at this point. The lender needs to know that you are trying to catch up on your mortgage.

Notice of Sale

Once your default period has passed, the next step homeowners in San Antonio can expect during the foreclosure process is the notice of sale; the property will be put up for auction by the trustee (the lender). Auctions in Texas are usually held on the first Tuesday of each month.



During the foreclosure process, the final step for homeowners in San Antonio is the auction, where the winning bidder pays for the property immediately and becomes the new owner. Should the home not sell at auction, it will become what is known as an REO or real estate owned property, converting the property back to the lender. If you’ve yet to vacate the premises, you can expect the buyer to serve you with an eviction. With an REO, the lender may also serve you with an eviction if you have not left the premises. 

Another Option

For homeowners in San Antonio facing foreclosure, there’s another option: a direct sale to local professional buyers like those at Sell My San Antonio House. First, the professional buyers at Sell My San Antonio House will detail the expenses and what you might profit by selling your property, and the impacts of foreclosure that you can avoid by selling before the property is foreclosed on.

Then, professional buyers from Sell My San Antonio House provide you with the numbers used to make their offer to buy your home directly, which we want you to agree is fair. And we’ll provide you with a guaranteed closing date, often within days. We do this at Sell My San Antonio House for two reasons. First, we want you to make an educated decision about what is best for your situation. Secondly, at Sell My San Antonio House, we are your neighbors here in San Antonio, living and working alongside you, a part of the community; we want you to feel good about the deal long after you’ve left the closing table. 

Sell My San Antonio House

Selling directly to Sell My San Antonio House can turn everything around for homeowners in San Antonio facing foreclosure; our goal is to save you time and money. A direct sale means no commissions, closing costs, or hidden fees; our policy at Sell My San Antonio House is complete transparency and no pressure. And, to save you even more money, at Sell My San Antonio House, we buy houses as-is for cash in San Antonio, meaning you can keep your wallet in your pocket and forget about prepping, repairs, or cleaning. You can even pick the date for your closing with a direct sale to a professional buyer from Sell My San Antonio House, talk to us about the arrangements that would work best for you. Call Sell My San Antonio House at (210) 201-6644.

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