How Do You Stop Foreclosure?
Foreclosure is basically the end of an owner’s right to his property, usually due to failure to make timely mortgage payments per the loan agreement. When the bank takes possession of the property and has the right to sell it. Bankruptcy is one solution to preventing a foreclosure. It is a legal action that can help you more effectively address overwhelming debts and unhappy creditors.
Bankruptcy can also prevent foreclosure, because there are many statutes pertaining to bankruptcy and various ways to file depending on your circumstances. If you are unable to make your mortgage payments, contact Engel Law Firm and find out more about foreclosure, as well as bankruptcy laws.
A capable attorney from our law group can answer your questions regarding bankruptcy, foreclosures and other remedies to stopping a foreclosure, such as a deed in lieu, short sale or loan modification.
Foreclosure Defense in Dallas
The loss of a home due to foreclosure can be traumatic. Lawyers from Engel Law Firm can review your financial situation and advise on how to resolve your debt problems and prevent the loss of your property. We are experienced in bankruptcy cases and will help you get through these difficult times with competent legal advice.
There are Many Reasons Why a Homeowner Defaults on Their Loan, Including:
- Other losses of income
- Unexpected major medical expenses
- Increased interest rates
- Too many debts
Letters from lenders regarding a possible foreclosure should always be responded to, regardless of your financial circumstances. If you chose to declare bankruptcy, we can assist you in all aspects of your case, including filing a bankruptcy petition and representing you in court.
Contact Engel Law Firm today and learn how to stop a foreclosure.