Stop Foreclosure in Texas
If you are behind in your house payments, don't wait for the bank to come to foreclose on it. Obtaining help from our Beaumont stop mortgage foreclosures lawyers and filing bankruptcy can be the first step in regaining control of your financial situation.
File Bankruptcy to Avoid Losing Home
When you file Chapter 7 or Chapter 13 bankruptcy, your creditors must stop all actions to collect the debts you owe, including your mortgage payment. This is known as the automatic stay. While the automatic stay is in effect, lenders cannot foreclose on your home. This allows you some time and breathing room to get your finances in order. If you do not have a current income you may still end up losing your house if you are unable to make the payments. However, filing bankruptcy may prevent you from being liable to your mortgage company for any loan deficiencies that may result from foreclosure.
If you have a monthly income here are some ways that filing bankruptcy can help you keep your home:
- By obtaining a Chapter 7 discharge of unsecured debts such as credit card and hospital bills, you may be able to keep up with payments on secured debts such as mortgage payments.
- By filing Chapter 13 bankruptcy, you can put mortgage arrearages into your debt repayment plan and pay it off over a five-year period.
Read about keeping your home in bankruptcy.
If you are facing foreclosure, don't wait until it's too late to save your property. Talk to our Houston foreclosure defense attorneys today.
Contact Our Houston Stop Mortgage Foreclosure Defense Attorneys
Our Beaumont and Houston attorneys offer a free initial consultation to discuss your financial situation. Contact our Beaumont office at 409-291-5117 or our Houston office at 713-987-3910 for your consultation.
