Foreclosure can be scary. The fact that you might lose your home can feel devastating. Fortunately, Texas law allows homeowners certain opportunities to stay in their homes even when facing a foreclosure. A Coppell foreclosure lawyer can help you determine whether you meet the conditions to reverse a foreclosure.
At the Steele Law Firm, PLLC, we offer big firm experience in a small firm environment. Our goal is to provide client-focused legal services. The hands-on approach our firm takes with every case we represent allows us to devote the time and the energy necessary to meet the needs of our clients. From consultation to resolution, you will work with the same attorney, which is something we take pride in. This sets us apart from our competition.
In 2022, about 60% of the population in the Dallas-Fort Worth-Arlington area were homeowners. Several of these homeowners have faced foreclosure over the years. However, some were also able to overcome getting behind on their mortgage.
Many of these residents still reside in their homes even after a bank foreclosure threatened their homeownership. Texas law can be used in various ways by homeowners to save their homes from foreclosure.
The first choice for stopping a foreclosure sale is to pay your back mortgage payments within the 20-day deadline. If this is not possible, your next step should be to hire a foreclosure lawyer. With the help of an attorney who has a good understanding of Texas foreclosure laws, a homeowner can dispute a wrongful foreclosure process if it is valid.
Negotiating with the lender can sometimes pan out, especially with the help of a skilled foreclosure attorney. A loan modification, loan forbearance, or filing Chapter 13 bankruptcy could stop or delay a foreclosure. It is important to discuss your case with a lawyer who has represented successful foreclosure cases in the past to know what the ideal choice for your situation may be.
Wrongful foreclosure claims in Coppell are handled by the District Clerk of Dallas County, located at 300 North Commerce Street, Dallas. It is strongly advised that you hire a foreclosure lawyer to assist you with filing these types of claims. A lawyer can advise you on the likelihood of your claim being accepted and help you to avoid mistakes in your claim that could get your case denied.
If your wrongful foreclosure claim is accepted, the sale of your home could be stopped or reversed. Your mortgage may be brought back to good standing with your lender. You can then continue making payments on your home. Discuss your case with a qualified Coppell foreclosure attorney to learn more about qualifying for a wrongful foreclosure claim.
The quickest way to stop your foreclosure is to bring your missed mortgage payments up to date. Texas law requires a 20-day time window allowance by the lender to give the borrower a chance to catch up on back payments. After those 20 days, though, the property can be subject to the proceedings of a foreclosure. For additional ways to start the foreclosure of your home, speak with a couple of foreclosure lawyers to discuss your case explicitly.
The Steele Law Firm is a small law firm that takes care to give our clients the attention they deserve. Stopping or reversing foreclosure is dependent on strict timelines, and we can concentrate on meeting those timeframes for our clients. Let us help you save your home, as we have done successfully for other clients.
A: There are options for homeowners facing foreclosure, and a foreclosure attorney can help you decide which one is the right option for your situation. Loan modification, loan forbearance, or filing for bankruptcy are all ways to fight or stop foreclosure. If you feel like your lender wrongfully foreclosed on your home or did not follow the proper legal process, you can file a claim for wrongful foreclosure against the lender.
A: To get out of foreclosure in Texas, first try talking to your lender. Ask if there is a possibility for a loan modification or forbearance agreement. You may also be able to reinstate your home loan by catching up on missed payments. Every case is different, though. Consulting a foreclosure lawyer familiar with Texas foreclosure laws is a great way to learn how to navigate your unique circumstances and avoid foreclosure.
A: A foreclosure bailout loan is a loan given to a homeowner to pay off significantly defaulted mortgages. The purpose of these loans is to prevent a homeowner from losing their home. It can be a great way to minimize expenses, catch up on payments, and give the homeowner a chance to get back on track.
A: The timeframe for a Texas foreclosure can vary depending on different factors. Depending on the type of foreclosure, the homeowner's efforts to stall the foreclosure, or the existence of a bankruptcy or other stay, can extend the timeline of a foreclosure. Every homeowner’s situation is different, so the timeline of foreclosure will be unique. If you’re facing a foreclosure, speak with an attorney to see if there are options to stop the forced sale of your home.
At the Steele Law Firm, PLLC, we have the knowledge and resources you need for your case. Our small firm, successful track record, and positive reviews from clients like you make us a top choice for a Coppell foreclosure attorney. Contact us and schedule an appointment to meet with our attorney and discuss the options available to you. The sooner you speak with our experienced legal team, the sooner we can help you find a solution that works for you.
