Many Americans spend their early life dreaming of owning their own home. However, being a homeowner in Texas comes with immense financial responsibilities, making it easy for residents to quickly fall behind on payments or struggle with their mortgages. If you’re facing potential foreclosure in Plano, do not panic. A compassionate, skilled Plano foreclosure lawyer from Steele Law Firm can help you explore your options and determine the right path forward.
At the Steele Law Firm, our team is dedicated to helping Texas residents navigate daunting financial matters, ranging from bankruptcy to foreclosure. Our founding attorney, Lindsay D. Steele, has devoted her career to protecting the interests and earnings of her clients, working to find effective solutions that help them manage their debts. If you’re worried about having your home foreclosed in Plano, don’t wait to see how our experienced team can help.
Knowing what to expect when you file for bankruptcy can help you prepare for the process. After filing takes place, creditors are not allowed to pursue collections against you, including garnishing wages, foreclosure, or repossession. This remains in place until your case is resolved.
You will be required to take a credit counseling course within 180 days prior to filing. This course must be state-approved, and you will need to produce a certificate of completion.
You will need to attend a meeting with your creditors, known as a 341 hearing, at which they will have the opportunity to ask you questions about your case. You should be prepared to provide documentation in reference to questions they may ask.
Once you have completed the process, the bankruptcy will be finalized, and you can begin the process of financially starting over under the agreed-upon terms.
In Texas, a foreclosure may occur when a homeowner stops paying their mortgage and fails to pay back their lender. This results in the lender taking measures to make that money back, which generally involves them seizing your home and then selling it to pay off your debt. Thousands of residents across the country face foreclosure each month. In January 2026, 40,534 properties throughout the U.S. had default notices, scheduled auction, or bank repossessions.
When a home in Texas is foreclosed, there are multiple ways in which it can occur. The following are the main types of foreclosure established in Texas law:
An experienced foreclosure lawyer from Steele Law Firm can help you better understand the exact terms of your foreclosure and explore what solutions may be right for you.
At Steele Law Firm, our firm is committed to helping clients who feel like they’ve run out of options. Our founder, Lindsay D. Steele, was previously President of the Bankruptcy Law Section of the Tarrant County Bar Association and has focused her practice on consumer bankruptcy law. We understand how frightening it can be to face the potential foreclosure of your home and work to find personalized solutions that can help keep your interests safe.
We’ve helped countless clients explore options to stop foreclosure, such as filing for bankruptcy. Bankruptcy is a powerful tool that allows you to stay in your home when facing potential foreclosure. Filing for Chapter 13 bankruptcy in Texas enacts an “automatic stay” that prevents the lienholder from being able to sell your home. However, you need a steady income to continue making your mortgage payments and pay off what you owe from the last five years.
When you hire a foreclosure lawyer from Steele Law Firm, you can rest assured that your future is in knowledgeable and trusted hands.
A: The length of time it takes to foreclose on a property in Texas will largely depend on the type of foreclosure process being used. Because the majority of foreclosure cases in Texas are non-judicial, a property may be fully foreclosed on, seized, and sold within just a few months. Judicial foreclosures may take longer, as they depend on additional factors such as court availability and potential legal disputes.
A: Texas requires a lender to wait 120 days, or four missed payments, before starting the formal foreclosure process. After one missed payment, a loan is placed into a delinquent status, and a late fee will be applied. After two or three missed payments, your credit will be negatively impacted, and a lender will ramp up efforts to collect what is owed. You’ll receive a reminder letter and a demand letter, giving you 30 days to pay what’s owed before foreclosure begins.
A: Because foreclosure is one of the main ways a lender can collect the money they are owed, it is often difficult to stop the process. However, there are a few legal options that may allow you to pause or stop the process and stay in your family home. If a lender and borrower agree to cancel the foreclosure, the lender can rescind a non-judicial foreclosure as long as it is filed within 15 days of beginning the foreclosure process.
A: Filing for Chapter 13 bankruptcy can stop foreclosure action immediately as it grants individuals an “automatic stay,” which allows you to stay in your dwelling as long as you have the income needed to make your current mortgage payments, as well as pay back what you owe. With Chapter 13 bankruptcy, the lender must allow you 60 months to pay back what you owe and also allow you to live in the home while you catch up.
Facing the potential foreclosure of your home in Plano can be devastating. However, with sound legal guidance, you can find a solution that helps protect you, your family, and your future. The team at Steele Law Firm stands ready to help you remedy your financial situation, no matter how complex it may seem. Contact our office to schedule a consultation and learn more about our trusted foreclosure services in Plano.
