Losing your home is one of the scariest events you can face. If you are currently behind on mortgage payments or have received a vacation notice from the bank, a Granbury foreclosure lawyer can help you. They can guide you through this trying time and advocate for you at every stage of the proceedings.
Steele Law Firm, PLLC, is dedicated to representing the people of Granbury, Fort Worth, Hood County, and communities across North Texas in their foreclosure cases. I am the former president of the Bankruptcy Law Section of the Tarrant County Bar Association before opening my own practice. I earned a Top Attorney award by Fort Worth Magazine every year from 2012 to 2021. That drive and commitment extends to every client my team and I work with.
Granbury’s homeowner rate is 60.2 percent, making foreclosure a serious threat to a majority of residents. In 2024, there were 322,103 foreclosure filings across the country, representing 0.23 percent of all housing units. Texas remains a leading state in total cases, with 28,945 foreclosures started during the same period. The Houston metro area had the third-highest caseload of nationwide population hubs.
Foreclosure is the legal proceeding in which a lender can repossess a property if the mortgagor fails to repay the mortgage. In Texas, these cases can be either judicial or nonjudicial. Nonjudicial uses a right to sell clause and proceeds without court oversight unless the mortgagor files a claim. Nonjudicial auctions typically take place on the first Tuesday of the month at the Hood County Courthouse, located in town at 100 East Pearl Street.
Judicial foreclosures are less common in Texas and follow court procedures, with the borrower served, court hearings, and judgment. These can be more expensive and take longer while providing additional rights to borrowers. Cases are typically processed through the 355th Judicial District Court, located at 1200 West Pearl Street in Granbury.
Every foreclosure case has unique details that change what strategy is strongest. A few common approaches include:
Foreclosure is a frightening prospect that requires extensive legal knowledge to push against. Hire a foreclosure lawyer to represent you in your case. Your Granbury foreclosure attorney can prepare you for proceedings and be at your side from initial notice to final court verdict. Ways that our team can help include:
A: One important question many have is when they should seek out legal counsel for their foreclosure case. It is recommended that you reach out to a foreclosure lawyer as early as possible after receiving notice or being at risk of defaulting. The more time an attorney has with your case directly, the more they can influence the outcome. You should still seek legal counsel if in the late stages, as a lawyer may still make a difference.
A: The 120 Day foreclosure rule in Texas refers to a federal regulation for when a bank or lender can file a first notice of foreclosure. Under national law, the lender must wait for loan payments to be more than 120 days delinquent before selling the home. This regulation may be ignored if the property is abandoned, the violator violates a loss mitigation agreement, or if a loan is a non-federally related mortgage.
A: How long you must respond to a foreclosure in Texas depends on whether it is a judicial or nonjudicial case. Nonjudicial cases must first give you 20 days to cure any default, and an additional 21 days before selling the property. Failing to respond allows your lender to sell the property. Judicial cases have a deadline of 20 days and the next Monday. Missing this deadline results in a judge making a default decision.
A: If you are facing foreclosure in Texas, you may wonder if agreeing to foreclosure erases your outstanding debt. State law allows lenders to seek additional payment if the property’s sale does not cover all outstanding debts. In these instances, the lender has two years from the foreclosure sale to bring any legal action against you.
Steele Law Firm, PLLC, has years of experience aiding other clients in the DFW area with their foreclosure cases. My team and I can work to protect your home and can have a positive impact on your situation.
Contact us today to schedule your initial consultation, where we can learn your story and discuss potential legal options for moving forward. You may also visit our Fort Worth office, located in the cultural district, a block west of Fort Worth Botanic Garden, down the street from Dickies Arena, and north of Interstate 30.
