Oliva, Saks, Garcia & Curiel, LLP | Matthew J. Obermeier | attorneys & Counselors at law
Visa | MasterCard | American Express | Discover Network
Main Navigation
Free Initial Consultation
210-296-5828 / 800-820-1664
Practice Areas

San Antonio Real Estate Law Blog

6 San Antonio commercial zoning rules

Just because you buy a piece of commercial real estate doesn't mean that you can use it for any kind of business you want. Imagine if you could open up an oil refinery right next to a residential neighborhood. Zoning laws make San Antonio a more pleasurable and organized place to live. That said, zoning laws can represent a very serious headache for business owners -- especially those who make a commercial real estate purchase before doing their zoning research.

Here are a few important business zoning laws that you should be aware of before buying a commercial property in San Antonio:

Can A Scammer Steal An Entire Home?

When money gets tight, bills pile up and the threat of foreclosure looms, people often become desperate for a solution. Unfortunately, that can make them targets for scams.

There is a long history of businesses preying on homeowners by offering too-good-to-be-true solutions to foreclosure threats. Many of these simply involve the business taking money while doing little or nothing to address the actual problem, leaving the homeowner with even more debt and at greater risk of foreclosure. Now, according to an article from My San Antonio, scammers are getting bolder. They are actually stealing people's homes.

Little tricks to boost your home's value before a sale

If you're planning to sell your San Antonio residence, you probably want to get the process over and done with as quickly as possible, but did you know that a few small improvements could dramatically boost the value of your residence? It could pay both in money and time to complete a few improvement tweaks before you put your home on the market.

What you'll want to do is write a short list of things you can complete quickly that will increase your home's resale value. Let's look at a few things you can do simply to make your house sparkle:

Banks plan to approve fewer commercial real estate loans in 2017

United States banks say that they will be tightening their standards for granting commercial real estate loans during 2017 and into 2018. The Federal Reserve reported the news last Monday, commenting that this could affect the future of commercial real estate business in the immediate future.

According to the U.S. central bank -- and the president of Boston Fed -- commercial real estate prices might be in danger of triggering another economic crisis. Especially if commercial real estate prices suddenly spike in value, it could precipitate such a crisis.

How does Texas commercial property compare to other states?

According to a recent report published by the Commercial Real Estate Development Association (NAIOP) Research Foundation, Texas commercial property is booming. Texas, for the second consecutive year, ranked as one of the leading states in commercial real estate spending. In fact, Texas commercial real estate spending is second only to New York.

Money spent on commercial property construction was more than $18.5 billion last year in Texas. This real estate development money supported hundreds of thousands of jobs in Texas -- 310,994 to be exact. According to the president of the NAIOP, commercial real estate development is essential to the U.S. economy, and the industry plays an important role in new job growth, in addition to the building of new infrastructure and places for working, shopping and playing.

Tips for a successful commercial real estate transaction

There are a lot of factors to consider when buying commercial real estate. If you're in the market to buy an investment property or a location for your business, you'll want to find the best property deal available.

Here are a few pieces of advice to help you make your commercial real estate purchasing goals a reality:

Have foreclosure rates fallen to pre-recession levels?

National foreclosure rates -- including auctions, bank repossessions and default notices -- have fallen by 19 percent since the same time last year. Only 235,000 properties nationwide have been subjected to foreclosures in the first quarter of 2017. This information, reported by Attom Data Solutions, represents the lowest foreclosure rates since third quarter 2006.

In total, 100 real estate markets have fallen below pre-recession levels when it comes to foreclosures. Included among these real estate markets are Houston, Los Angeles and Miami. Last year at this time, only 78 markets had reached pre-recession levels. Meanwhile, Maryland, Nevada and New Jersey are the real estate markets that show the highest foreclosure figures in the nation.

What is acceleration in the foreclosure process?

Financial hardship and other reasons -- like illness or bad investments -- may result in your inability to pay your mortgage on time. When you can't make the mortgage payments on your home, it will eventually end up in the foreclosure process. However, before foreclosure, your mortgage could be subject to acceleration. Acceleration happens when the financial institution that issued the mortgage asks for complete payment of the entire amount owed due to the homeowner's failure to make timely payments.

As an example, let's say that the mortgage holder takes out a $100,000 mortgage. However, the homeowner doesn't make the monthly payments on time. The mortgage holder may then make a demand for the full $100,000 to be immediately paid. This is called acceleration.