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Finding solutions to real estate foreclosure

On Behalf of | Feb 27, 2019 | Real Estate Disputes |

Foreclosure can be among the most difficult experiences a Texas homeowner can face. There are a number of complications that can be associated with a foreclosure as well as a number of state and federal laws that govern the process. Since the housing crisis of 2008, new laws have changed the ways that people can defend against foreclosure attempts. Homeowners facing extreme difficulties paying their mortgage may benefit from learning more about the process.

In some cases, homeowners may be particularly concerned as they are “underwater” on their real estate, meaning that they owe more on their mortgage than its current value. This is a particularly common circumstance after a real estate bubble has crashed. In some foreclosures, the process takes place in court, while in other cases, the text of the mortgage or deed itself allows the lender to sell off the property in order to pay off the balance of a mortgage that has entered default. Before this can take place, lenders have to meet certain timelines to notify the borrower and provide an opportunity to pay the overdue bills.

Many borrowers can benefit from working with a real estate attorney. A lawyer can help a client defend against a foreclosure in court or negotiate other solutions like a short sale or avoiding an order of deficiency. In some cases, an attorney could help you renegotiate your mortgage to make it possible for you to get out of default and remain in the home.

Our experienced real estate attorneys have dealt with foreclosures at every part of the process and from all sides of the transaction. We are often able to use this experience to understand the other side’s strategy and propose workable solutions. To learn more about foreclosure defense, visit our page for further information on the topic.

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