Houston Foreclosure Attorney

Stopping Residential Foreclosure in Houston TX

Did you know that by law, your mortgage company can foreclose with only 20 days' notice? If you are behind on your mortgage payments, your home is at risk of foreclosure. If you are wondering how to stop foreclosure in Houston, TX, or have any questions regarding this subject, contact our Houston foreclosure attorney now.

Understanding Foreclosure

Foreclosure involves a lawsuit in which a mortgage company, bank, or other lienholder seeks to auction and sell your property to satisfy a debt. The lender can take ownership of the property or have the property sold to pay off the debt. As a result of the foreclosure, as the owner, you lose whatever rights you had in the property. In other words, foreclosure is a process in which your home becomes the property of a buyer or the lender.

If you as a homeowner fail to pay your mortgage loan on time, the lender that holds the mortgage on your house can bring a foreclosure against you. A foreclosure can also occur if you borrow money from a bank using your house as collateral and fail to pay. Our Houston foreclosure attorneys can help you freeze the foreclosure process in these types of situations.

In a foreclosure, you and your lender are both in a challenging situation and need a positive outcome: you want to keep your home, and your lender wants to keep receiving payments. Foreclosure proceedings usually start with a formal demand for payment, usually in the form of a letter from your lender. This letter is referred to as a Notice of Default. Contact a foreclosure attorney for more clarification if needed.

Maintaining Occupancy of Your Home

Keeling Law Firm’s Houston foreclosure attorneys can stop the foreclosure immediately, so you can catch up on your payments.

If the mortgage company has stopped taking payments, the foreclosure process has already begun. Don’t wait until you lose your home. For a free consultation and evaluation, call Keeling Law Firm at 713-686-2222, or fill out the form to the right.

Four Alternatives to Having Your Home Seized

Facing The Problem Head On.
- Contact your lender and inform them about any issues preventing you from paying your mortgage. This allows you to inform your lender of possible solutions to avoid foreclosure. However, if the foreclosure process has already begun, other strategies exist to stop it. Hiring a foreclosure attorney could be one of his next steps to avoid foreclosure.

Repayment Plan Options.
- If you are experiencing short-term financial hardship your lender may agree to repay your missed payments in installments over during succeeding months. It might give you some breathing room.

Modify Your Loan
- To help you maintain your current holdings on your loan, your mortgage servicer may agree to extend your repayment schedule or incorporate the amount owed on your loan to pay off a new balance. You can permanently adjust the conditions with a loan modification. However, a loan modification will not reduce your principal balance.

Chapter 13
- Chapter 13 filing allows homeowners to stop foreclosure and submit reorganization plans to resolve mortgage defaults. Under Chapter 13, homeowners make regular mortgage payments to the Chapter 13 Trustee and also make additional catch-up payments. A Chapter 13 reorganization typically takes a five-year payment period. In many Chapter 13 reorganizations, the filing party can also discharge unsecured debts such as credit cards by paying a reduced amount to the creditor.

Contact us today to learn more about how Keeling Law Firm can help you stop foreclosure and other services we have to offer such as:

Click here to Request More Information or call us today at 713.686.2222