Brownsville Texas real estate market is not immune to the price increase of homes seen across the nation, although to a lesser degree, it has made home affordability more difficult.  Except for a period in 2022 with low interest rates driving demand, the market has returned to normal.  Today; in most cases, because of the higher interest rates, days on market has increased significantly and sellers are having to offer seller concessions and reduce their asking price and several times before receiving acceptable offers. Azua Real Estate, recently orchestrated a successful short sale for their Brownsville client.

Brownsville TX Short Sale Highlights

•   Client Profile: Helen M, a single mom and medical assistant looking to sell her Brownsville TX home.  She was facing foreclosure and quite possibly a deficiency judgment.

•   Location: Brownsville Texas

•   Property Type & Price: 3-bedroom 2-bath single family residence, $223,000.

•   Duration: 48 days from listing to closing.

•   Real Estate Broker Name: Azua Real Estate powered by eXp Realty – Global Investor Agent Group.

•   Special Features: Nicely maintained home with recent bath and kitchen updates.

•   Negotiation Highlights: Successfully negotiated a short sale with current lender.

Key Features of Azua Real Estate

Azua Real Estate stands out with its in-depth local knowledge, vast nationwide network of team members, and real estate professionals ensures every property gets the spotlight it deserves. Our team utilizes cutting-edge technology for property listings, ensuring high visibility across multiple platforms. Furthermore, our personalized approach means every client gets a tailored strategy, maximizing the chances of a swift sale.

Benefits of Choosing Azua Real Estate

Azua Real Estate are Investors, broker/agents well versed in creative real estate buying and selling techniques. Beyond just transactions, we build lasting relationships, offering post-sale support, market insights, and investment advice to our clientele. This holistic approach ensures our clients are not just satisfied but delighted with our services.

Challenges Faced by Client in the Brownsville TX Market

Helen had bought her home just 3 and a half years ago and had very little equity in the home.  During the pandemic, her clinic/office was closed and she was laid off.  She could not find suitable employment.  Consequently, she was unable to make her mortgage payments and was in survival mode for the next two years.  Because of the federal moratorium on mortgage payments, her lender could not enforce their right to foreclose. However; the moratorium did not stop late fees, penalties and interest accruing.  Once the moratorium ended, her lender proceeded with their right to foreclose.  Reluctantly she decided to put her home on the market because there was no way for her to pay the arrearages.  The late fees, interest, and penalties had grown to a tune of over $20,000.00.  Since her home had not appreciated at all, and the market value of her home was essentially the same as when she bought it 3 and a half years ago.  Had she listed at market value and gotten a full price offer, she would have to come to the closing table with almost $30,000.00 to make up for commissions, closing cost and what she owed the lender.  Clearly that was not an option for her.

How Azua Real Estate Addressed Client Concerns

Agustin Azua personally oversaw the property's listing, ensuring it reached the right audience. Agustin also initiated communication with the lender to have a short sale approved.  He and his team presented the lender with the mandated short sale package along with documentation that improved the seller’s opportunity to do a short sale and more importantly, be released from any deficiency judgements.

With strategic marketing and leveraging our vast network of real estate professionals, the property received multiple offers within a week. The way Azua Real Estate handled the transaction and presentation of the needed documentation by the lender, insured the short sale process was expedited and approved in record time. The entire process, from listing to closing, was seamless.

This successful short sale of Helen M.’s Brownsville Texas home is a testament to Azua Real Estate prowess in the Rio Grande Valley Texas market.  Their market expertise along with the fact that they are not your typical agent/broker assures their clients’ needs are met because of their extensive expertise in buying and selling real estate creatively both as Investors and Agent/Brokers.

If you are facing foreclosure you need to act quickly and contact Azua Real Estate, a short sale might just be what will best suit your needs and save you from devastating damage to your credit.  Contact us today.