Real Estate Terms February 16, 2025

Foreclosure

Our term is “Foreclosure”. Foreclosure is the legal process that a mortgage provider or lien holder may take to obtain ownership of a delinquent residence. This is why it is crucial in your initial home search to not only check all the wants in the home, but even more importantly to assess the practicality of the home from the get go. Ask yourself, “is this something I want to afford?” Your home is a sanctuary and should never be a burden.

Homeowners should consider the saying “house rich, cash poor.” It is crucial to evaluate the concept with the guidance of your mortgage loan advisor. Now, life happens to all of us. There is no magic ball, just faith in my opinion. It is my mission to provide you with several resources that will help you make decisions for your unique situation. I always recommend consulting with your trusted legal or financial professional for specific scenario advice.

AdrianHernandezHelps-JBGoodwin REALTORS®
📞(210)884-7299
📧adrian-hernandez@jbgoodwin.com
Have an awesome day!