When families file for bankruptcy, one of the most common concerns they have is whether they will keep their family home. For many, this weighs heavily on the mind of someone who is considering bankruptcy as an option. While the automatic stay can undoubtedly stop foreclosure and offer relief, this is only short-lived, which is [...]
When is it too late to stop foreclosure? In other words, when is the absolute latest you can file bankruptcy and stop a foreclosure sale? The truth is, it's not over until it's over. You can file right up to the day of sale. Understanding the Foreclosure Timeline In a typical foreclosure situation, your lender will [...]
If you have fallen behind on your mortgage payments, you're likely worried about protecting your home. But how can bankruptcy help? Is it possible for you to save your house? Below, we discuss how to stop foreclosure actions through bankruptcy and buy yourself a little time. How the Foreclosure Process Works Once your mortgage goes into default, [...]
How Can Bankruptcy Stop Foreclosure Proceedings? A bankruptcy filing can immediately stop foreclosure in most cases when proceedings have yet to be finalized. Bankruptcy may help homeowners buy more time in determining their next move including whether or not they want to keep their home. This is also a good time for debtors to review [...]
5 Foreclosure Myths Debunked Although foreclosure rates are no longer at historical peaks as they have been in recent years, millions of homeowners across the nation still face the personal and financial challenges of foreclosure proceedings. This is true in Texas, where foreclosure activity across the state and the Dallas-Fort Worth area has increased in [...]
Debt and financial problems can make it difficult to keep up with obligations, including the ability to pay a mortgage. For some people, especially those who bought homes the height of the housing market boom, these problems can be exacerbated by high mortgage payments for a property that is no longer worth as much as [...]
America and the state of Texas experienced incredibly hard times when it came to foreclosures over the past several years. At the height of the mortgage crisis in 2008 to 2009, foreclosure rates surged a nearly unfathomable 80+ percent. Across the country, homeowners found themselves severely underwater and were forced to walk away from their [...]
According to an article published by CNN money, plummeting oil prices may be related to problems with housing markets in Texas, Oklahoma, and North Dakota. While the national rate of foreclosure filings has dropped to a nine-year low, states heavily involved in the production of oil have not been as lucky. As oil prices have declines, foreclosure filings have [...]
A Texas couple knew that foreclosure was imminent after they fell behind on their mortgage payments for several months. What they didn’t expect, however, was when their foreclosure notice came from a bank they had never done business with. After a lawyer looked over their mortgage records, they came to the conclusion that neither the bank [...]
Three years ago, Texas homeowners facing foreclosure were given a glimmer of hope in the form of a $25 billion national settlement from five lenders who were accused of wrongfully forcing people out of their homes: Citi, Bank of America, JP Morgan Chase, Wells Fargo, and Ally. This money was earmarked to provide relief for [...]
