Texas Foreclosure Processes & What it Means to You

One of the biggest surprises for many homeowners about the Texas foreclosure processes is that it’s actually a fairly fast process from start to finish. When it comes to losing your home in a foreclosure, by law that can happen in under just a few months.  That’s why it pays to take quick action and learn your rights when it comes to home foreclosure in Texas, as your knowledge can make a big impact on the final outcome.

You know that missing a mortgage payment is bad, but did you realize that missing just one payment can start to negatively impact your credit score and can also start the process rolling for you losing your home?  Texas foreclosure attorneys recommend taking immediate action – even if you just think you might miss a payment – to avoid it turning into a messy situation.  Asking for help is the first step, and that typically comes in the form of contacting an attorney who can inform you of you rights and guide you through the process.

Perhaps the most important thing to remember about foreclosures in Texas is that once the process has been completed, your home is gone forever, so act carefully and don’t make any hasty decisions when it comes to your home.  You should always do what it takes to save it versus just letting it go, but should you lose it, an experienced attorney can help you through every step of the process.

There’s no way to plan for something like losing a job or having a medical incident that causes you to lose your income and make you unable to make your mortgage payments.  No matter why you are facing foreclosure, talk to an attorney to learn about your rights as soon as you suspect there is a problem with your finances.  If you have missed one mortgage payment or several payments, the time to act is now, so don’t hesitate to ask for help today.

George Oct 14, 2013 Comments (0)

Texas Foreclosure and Your Rights: What Every Home Owner Needs to Know

Texas foreclosure is a serious legal process that can result in the repossession of your home and serious damage to your credit record that can be devastating to overcome. The foreclosure process can be initiated by the lender as soon as you begin missing payments on your mortgage.  If you want to protect your credit rating and your home, you need to know your rights as a homeowner and take the time to learn about your options before a foreclosure takes place.

The best way to prevent a foreclosure from happening is to get legal help right away.  The foreclosure process is one of the most difficult legal proceedings you may ever face.  Not only are you dealing with possibly losing your home, but you may be having other types of financial issues as well.   A foreclosure lawyer can help you work through all of the issues at hand, helping you see your options from an objective point of view.

Foreclosures can often be stopped if the homeowner pays off all of the associated foreclosure costs and fees, the mortgage lender fraudulently obtained the mortgage, or if the homeowner has filed for bankruptcy.  If you believe that your home has been put into foreclosure due to an error, it’s especially important to act fast in order to protect your rights.  By being proactive and taking action before it’s too late, you may be able to save your home and your financial future as well.  When it comes to your home and your family, it pays to look into your options.

You home is your castle – don’t let the banks take it away without a fight!  Having a legal ally in your corner offers the best chance for success, so don’t hesitate to call for help if you are facing foreclosure.

George Mar 14, 2013 Comments (0)

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