Short Sale vs Foreclosure – What’s the Difference in El Paso?

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 El Paso, Texas? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If you … Continued

What is a Pre-Foreclosure in El Paso?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in El Paso anyway? Many homeowners across America and El Paso are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending … Continued

Can I Sell My House in Foreclosure in El Paso?

Do you have a El Paso Texas house that’s in foreclosure right now? Many people going through the Texas foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you … Continued