Texas Short Sale Guide: Your Options When You’re Underwater
If you owe more than your home is worth, you have more options than you might think. This page walks through every path available to Texas homeowners, with guides written for your situation and a tool that estimates where you stand.
Start with these three
Every option, compared
Short sale, loan modification, deed in lieu, forbearance, bringing cash to closing. This guide compares them side by side so you can see what fits.
Read the guide →How a short sale works in Texas
What happens from the hardship letter to the closing table. Timelines, lender requirements, and what to expect at each step.
Read the guide →PCS with an underwater mortgage
Programs that may apply to servicemembers, including SCRA protections and VA-specific paths. Written for active duty, reserve, and veterans facing a move they did not choose.
Read the guide →Guides by situation
Selling when the numbers are tight
Foreclosure and what comes after
Texas allows non-judicial foreclosure on most residential mortgages, which can move faster than a court process. Home-equity loans under Art. XVI, Sec. 50 of the Texas Constitution require a court order.→ Deficiency judgments in Texas after a short sale or foreclosure→ VA loan after a previous foreclosure or short sale→
Veteran-owned. Broker-reviewed.
LRG Realty is a veteran-owned brokerage in San Antonio, Austin, and Killeen. Every guide on this page is reviewed by Mayra Torres, Managing Broker (TREC #629251). Levi Rodgers, Founder, built this team to serve military families and Texas homeowners.
See our Google reviews →All Short Sales articles
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