Foreclosure Relief Services Blog

What Happens After a Foreclosure?

Feb 19, 2020 12:34:00 PM / by Greg Tidmore posted in Foreclosure Process, Foreclosure Defense, Foreclosure

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After the Foreclosure Process

In my previous post, Foreclosure Process in Texas I covered that foreclosure is actually a process that begins with default of the loan (missing a payment) and culminates in the sale of the property at a foreclosure auction. Now having an understanding of how the process works, let's discuss what happens after the auction takes place.

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Foreclosure Process in Texas

Jan 8, 2020 4:37:00 PM / by Greg Tidmore posted in Loan Modifications, Foreclosure Defense, Short Sales

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Falling Behind on Payments

If you miss a few mortgage payments, your mortgage servicer will probably send a letter or two reminding you to get caught up, as well as call you to try to collect the payments. Don’t ignore the phone calls and letters. This is a good opportunity to discuss loss mitigation options and attempt to work out an agreement such as a loan modification, short sale, forbearance, or payment plan so you can avoid foreclosure.

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5 Options You Have When Facing Foreclosure

Nov 12, 2019 1:06:00 PM / by Greg Tidmore posted in Loan Modifications, Foreclosure Defense, Short Sales, Foreclosure, Loss Mitigation

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1. Do Nothing

While you may be tempted to just walk away, if you ignore the lender and do nothing, you can expect to be foreclosed on in as few as 21 days. Adding insult to the injury, there is no redemption period for mortgage foreclosures in Texas. Once foreclosed on, you will have to move out or you will be evicted with little or no hope of getting your home back.

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REALTORS needed to help thousands of Harvey victims facing foreclosure

Feb 28, 2018 1:47:04 PM / by Greg Tidmore posted in Foreclosure Defense, Foreclosure, Loss Mitigation, Forbearance

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On August 25, 2017 Hurricane Harvey hit Texas hard, wiping out 15,000+ homes and damaging some 150,000+ more. This caused a spike in delinquent housing payments, and now more than 40,000 mortgages are 90 or more days delinquent! The spike was not unexpected, but Houston foreclosure postings soared pre-Harvey according to the Houston Chronicle. Harvey just exasperated the problem.  

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