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Facing Foreclosure?

If you are in behind on payments or will be soon, we can help stop foreclosure and negotiate a resolution such as a short sale, loan modification, or deed-in-lieu of foreclosure, usually without you having to file bankruptcy.

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Contemplating Bankruptcy?

If you are overwhelmed with non-mortgage debt and are facing foreclosure, bankruptcy may be your best option to stop foreclosure and get a fresh start. Make sure you explore all your options before deciding.

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Do You Need Help Stopping the Foreclosure of your Home?

Your home is your castle, a safe haven for you and your family. If you are facing foreclosure, particularly in the aftermath of a divorce, job loss, hospitalization or death, it threatens the stability of your home life.  Once a foreclosure action has been made, you have less than 21 days to act. The banks have lawyers to protect their rights, and so should you.

A Temporary Restraining Order (TRO) may stop the immediately pending foreclosure.  As a last resort, we can file for and request a TRO (Temporary Restraining Order) from a judge in order to stop the foreclosure process immediately.

We understand you want to slow the foreclosure process or stop foreclosure altogether.  At The Lane Law Firm, we offer strong foreclosure defense representation to homeowners in the Houston, Dallas, San Antonio, Austin, and throughout most of Texas.

In many circumstances, we can delay your foreclosure or lawsuit long enough to allow you to catch up on late payments, if you wish to simply reinstate the mortgage, or until you can complete the short sale of your home.
Depending on your situation, we may be able to:  

  • Have your loan modified in your favor or pursue monetary damages for you
  • Stop wage garnishment
  • Stop vehicle repossession
  • Have your debt completely dismissed, wiped out or discharged
  • Have your foreclosure or lawsuit dismissed entirely

Contact us today to find out how we can help with your foreclosure or other mortgage matter.

 

Bankruptcy Should Not Be Your Only Option

When facing a foreclosure, many people will wonder how they can "bankrupt" their house as a means to stop foreclosure or as a foreclosure defense. While it is not possible to bankrupt your house, you can file for bankruptcy, which does provide an automatic temporary stay, to avoid foreclosure.  Although sometimes this is the only option, it is advisable to consider all other remedies first, with help from knowledgeable legal representation.

At The Lane Law Firm, we believe that bankruptcy is not thes best option for most of our clients. First, we will explore remedies through loan modification, short sales, debt forgiveness and credit restoration that will place you in a better position for the future.

 

Stay At Home While Fighting Foreclosure

We encourage our clients to remain in residence at their homes. The mortgage company favors this, as the property will not deteriorate or become vandalized or broken into. And it is in your best interests as well, as you will not acquire extra expenses during the legal process.

 

Loan Modification

The most frequent cause for foreclosure is a sudden and temporary change to the financial condition of a household.  In most cases this may be a birth or death in the family, an extended and unexpected hospital stay, caring for loved ones, divorce, change in job or working conditions.

If your temporary situation has passed but your mortgage servicer is no longer accepting payment or moving forward to foreclose then you could benefit from the help of a foreclosure defense attorney or foreclosure defense lawyer.

In spite of the fanfare and political promises, achieving a meaningful loan modification without professional assistance has proven to be an extremely difficult task. While The Lane Law Firm does not modify your mortgage, a modification by the servicer or lender of your mortgage may be a favorable settlement outcome of your litigation.

If you own a home that is facing foreclosure in Texas, you may have received a letter starting that process, stating that your property would be foreclosed upon in 21 days. This does not give much time to save your house without intervention. With help from an experienced lawyer, you can stall or even stop the foreclosure process completely.

Often, when considering alternatives to foreclosure, Texas homeowners often have concerns regarding the costs involved with either a short sale or loan modification. In essence, the question comes down to, do you want to stay or move out of your property. If you have the ability to pay principal, interest and payments on a mortgage, you can negotiate for a loan modification. If you are unable to make regular mortgage payments, then you are able to sell your property through a short sale.

Our attorneys are experienced in all aspects of mortgage litigation including loan modifications, and they can negotiate with your lender to get you back in good standing through a solution that is best for you. The bank may offer loan modification in attempt to settle mortgage litigation claim, if you have the necessary income to qualify.

 

Wrongful Foreclosure

Although it is preferable to intervene in a Texas foreclosure before it is finalized, there are legal steps you can take even after it is finalized. Typically in Texas, homeowners are given only seven days to move out or they face eviction and the auction of their belongings. A skilled lawyer can advocate for more time for you during this transition.

If your foreclosure is pending, we can take various measures to delay or even prevent it from happening. Our Houston wrongful foreclosure attorneys will closely evaluate your situation to determine if the bank has followed the rules during the process. For example, we will evaluate the following:

  • Did you receive a foreclosure notification letter?
  • Did you receive proper accounting of what you owe?
  • Did the bank stop taking your mortgage payments?