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What is a Pre-Foreclosure in Houston?

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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 Houston anyway? Many homeowners across America and Houston are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

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

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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 Houston, Texas? In simple terms… “A foreclosed house is a property where the owner can’t keep up with their mortgage payments, and the bank takes back the house.” (source). Should you cease … Continued