Receiving a notice of default of payment for your mortgage is a red alert that you're on the way to facing foreclosure on your home. This notice gives you a deadline by which you must make your payment, or the lender can begin the foreclosure process. If you're in danger of having your mortgage lender foreclose on your home, you need to learn about the available options to stop foreclosure. A bankruptcy attorney from the Hixson Law Firm of Arlington, Texas can inform you of the various ways to prevent foreclosure, helping you keep the home you love.
Options for Stopping Foreclosure
The first step in stopping foreclosure is to be proactive about contacting the mortgage lender. The worst mistake you can make is to do nothing and let time go by. As soon as you know you won't be able to pay your house on time, contact the lender and discuss a possible loan modification or a similar arrangement. This may make it easier for you to make the payment.
If you have already received notice, filing bankruptcy will stop the foreclosure process. If you file Chapter 13 bankruptcy, you can probably keep your home by being compliant with a restructuring plan for your debts. This will give you more time to pay off your mortgage.
The Hixson Law Firm of Arlington, Texas and its legal staff can discuss these options with you.
Call to Schedule a Free Consultation with a Texas Bankruptcy Attorney Today
If you've defaulted on your house payments and are concerned about foreclosure on your home, call to schedule a free consultation with a Texas bankruptcy attorney today. The expert legal staff at the Hixson Law Firm will evaluate your unique situation and help you decide on a plan that will help you keep your home. Call us at (817) 261-5000 and let us help you get your financial life under control.
We serve the cities of Mansfield, Arlington, and Grand Prairie, Texas.