Losing your home or property can be devastating. You may feel powerless to do anything to prevent it from happening. But the Alvarado foreclosure lawyers at Steele Law Firm, PLLC, are dedicated to helping families and businesses navigate Texas’s complicated foreclosure laws. We provide legal insight and advocacy to protect your property and finances.
Foreclosure is a legal process that allows a lender to recover the balance of a loan when a borrower stops making payments. Texas foreclosures can move quickly. The tight timeline makes it tough for homeowners to respond without legal help.
After missing several mortgage payments in a row, the lender sends a Notice of Default, then a Notice of Sale. This lets you know your house is to be auctioned. Once the property is sold, you’ll likely lose your home and any equity you’ve built in it.
In 2024, 36,505 properties were repossessed by lenders in the United States. In Texas, foreclosures happen at a rate of 1 in 3,313.
Steele Law Firm, PLLC, uses every available legal defense to challenge wrongful or premature foreclosures. In your defense, we may argue that the lender didn’t provide the legally required notices or meet specified deadlines.
There may have also been loan servicing errors, such as misapplied payments, escrow mismanagement, or incorrect accounting. The lender could have also engaged in deceptive practices or taken too long to initiate foreclosure proceedings.
Our legal team carefully reviews your mortgage documents, payment history, and lender communications to explore every possible defense.
Steele Law Firm, PLLC, holds years of experience representing clients navigating foreclosure. Every client receives one-on-one guidance from our dedicated attorneys. We use our deep understanding of Texas foreclosure laws, bankruptcy, and asset protection to build a tailored defense for your needs.
Our team makes sure you understand each phase of the foreclosure process, using clear communication. We also ensure you meet all necessary deadlines and understand all documents.
A: Filing for bankruptcy can immediately stop a foreclosure auction through an automatic stay. This legal process halts collection options as soon as the bankruptcy petition is signed. You can also request a temporary restraining order from a court or work directly with the lender to negotiate a loan modification or repayment plan.
A: To fight a foreclosure in Texas, you need to challenge the lender’s actions, negotiate alternative solutions, or file for bankruptcy to delay the process. Common defenses against foreclosure include proving improper notice, loan servicing errors, or violations of state and federal lending laws. You may also seek a loan modification or a forbearance agreement.
A: A foreclosure in Texas can be reversed under very limited circumstances. If the sale hasn’t been finalized or the trustee’s deed recorded, you may be able to stop or reverse it by paying the arrears.
You can also negotiate with the lender or file Chapter 13 bankruptcy. Once the property has been sold to a third party, however, the reversal becomes extremely difficult. You could try to challenge the sale in court if you believe there were procedural errors, fraud, or improper notice.
A: Foreclosures in Texas move quickly because the state uses a nonjudicial foreclosure process. Homeowners must receive notice of the foreclosure at least 20 days in advance. Most banks require accounts to be delinquent for 120 days before they pursue foreclosure. Delays can occur if you contest the foreclosure, file bankruptcy, or negotiation with your lender. Quick action is the safest way to prevent foreclosure.
If you’re facing a foreclosure, the Alvarado foreclosure attorneys of Steele Law Firm, PLLC, can help. Contact us today to schedule a consultation, and let us help you explore your options and take the right steps toward financial recovery.
Our experienced team understands the stress and uncertainty that comes with losing your home. We’re committed to protecting your rights and assets. If you need help negotiating with your lender or defending against foreclosure in court, we can stand by your side and advocate for your rights.
