Foreclosure Lawyer Dallas, TX

Foreclosure sign outside of houseForeclosure Lawyer Dallas, TX

One of the scariest notices a person can get is one of foreclosure on their home. The thought of losing your home can send anyone in a panic. Security is one of the most basic human needs and you need somewhere safe to live with a roof over your head. When you have worked so hard to become a homeowner, finding out that you could possibly lose your home is devastating. This is why you need to contact a foreclosure lawyer in Dallas, Texas from Leinart Law Firm as soon as you get a foreclosure notice. Your lawyer will have your best interest at heart as you move forward and will be able to help you and your family navigate through this difficult time. They will work tirelessly to see what can be done to prevent the foreclosure from moving forward. There are often several different options for dealing with a foreclosure. Continue reading to learn about some of the options that you may want to choose. Always remember that just because you got this notice does not mean you and your loved ones are going to be out on the street tomorrow. These things take time and you will be able to figure out a plan to protect yourselves and ensure you have somewhere safe to live. 

How Foreclosure Happens

Foreclosure is the repossession of a property from a homeowner by the lender. This happens when a homeowner does not make their mortgage payments in time. Some of the most common reasons that a homeowner triggers the foreclosure process is due to a job loss like a sudden layoff, a reduction in steady income, and consecutive missed mortgage payments.  

Foreclosure consists of several phases such as default of payment, notice of foreclosure, sale of the property, and the eviction of anyone living in the home. It is a long process, so if you are in the middle of foreclosure it is still possible to halt the process. While borrowers are given opportunities to make up for their missed payments, some circumstances are more complex. If you need assistance stopping foreclosure, it is best to speak with a foreclosure lawyer as soon as possible so that they can determine the best ways to halt the foreclosure. 

You Can File for Bankruptcy

Filing for bankruptcy often does help eliminate debt for foreclosure. It stops harassment from creditors so that you can get relief. Filing for bankruptcy makes letters from creditors immediately cease, which includes real estate collections. Depending on the chapter of bankruptcy you choose to file for, you may be able to keep your home and restructure your debts. One of the benefits of filing for Chapter 13 bankruptcy is that it stops the foreclosure process from moving forward. Filing for bankruptcy is a great option so that you do not need to worry so much about your debt from your home. There will definitely be a recovery period for this, but it can be the best choice for many people. If you want to explore bankruptcy and other options as a way to deal with foreclosure, reach out to a skilled foreclosure lawyer for a case assessment. One of our experienced foreclosure lawyers will be able to look over all of your debts and determine whether this would be a good option for you. 

You May Need to Get a Forbearance Agreement or Loan Modification

If you are struggling to pay for your home every month, you may need to consider getting a forbearance agreement or modifying your loan. A forbearance agreement is a pause on your mortgage payments. Instead of a pause, in other scenarios it can involve reducing your mortgage payment so that they are more affordable. The mortgage servicer authorizes a forbearance for borrowers who are struggling to keep up with their payments. This will involve your lender working with you to come up with a more manageable payment plan. You will hopefully be able to budget your finances more easily to make this debt feel much easier to pay. 

Contact a Lawyer Today

If you are facing financial hardships and you are at risk of losing your home, do not wait to contact an experienced foreclosure lawyer. There is still time to take action to prevent foreclosure from occurring. There are legal options available, but you need to act quickly. You should never hesitate to reach out to a foreclosure lawyer in Dallas, TX from Leinart Law Firm with any financial concerns. They will evaluate your case and determine what options you have. When you have a lawyer at your side who wants to achieve the best possible results for you, your chances of having a good case outcome are much higher than if you decided not to get a lawyer. If you get a notice of foreclosure, you need to reach out to us right away so we can help you figure out a good plan to manage your debt and keep your home. Do not wait. The sooner we can do this for you, the better chance you will have at a favorable outcome. 

Why is a Foreclosure Lawyer needed?

When a homeowner is behind in payments, the bank will often initiate foreclosure proceedings. Foreclosure is the process of repossessing a home because the owner has stopped making payments. If you are facing foreclosure, you may be able to stay in your home longer by filing for bankruptcy and stopping the foreclosure process. A foreclosure lawyer Dallas TX from the Leinart Law Firm can help you explore your options for keeping your home.

Hiring a foreclosure lawyer can help with many types of scenarios. If you have fallen behind on your mortgage payments due to a job loss, accident injury, or other cause, a lawyer can examine your options and find a way to bring you relief. It is possible to defer foreclosure. When you have a skilled lawyer at your side, they are fully committed to providing you legal assistance so that you can find the best solution for your situation. Do not wait to take action. Learn more about how you can benefit from meeting with a foreclosure lawyer now. 

Leinart Law Firm specializes in helping people who are facing foreclosure. To prevent foreclosure and protect your home, you need to retain a lawyer who will fight for your rights. After all, your home is at stake!

Leinart Law Firm is an experienced foreclosure defense team of foreclosure lawyers in Dallas, TX that can help you by:

Filing a Bankruptcy Petition

There are times when the only way to save your home from foreclosure is to file a bankruptcy petition. While bankruptcy will impact your credit score, it could also buy you time to get caught up on your mortgage payments and avoid foreclosure. If you have not been able to catch up on your payments, Chapter 13 bankruptcy may allow you to do so over time through a repayment plan approved by the court.

In a foreclosure proceeding, the bank or lender seeks to take ownership of the property from the borrower. It does not seek to collect on the mortgage. That is handled separately in a foreclosure proceeding — and it is possible that no deficiency judgment will be entered at all.

Challenging the Foreclosure Proceeding

If your bank or lender has initiated foreclosure proceedings against you, we can help you challenge those proceedings and fight for the opportunity to keep your home. We will review all of the documents related to the foreclosure proceeding and identify any mistakes or errors made by the bank or lender. We will then use this information as part of our defense strategy.

The Leinart Law Firm is dedicated to achieving the best possible resolution for you. We know that no two cases are alike, and we will take the time to understand your unique financial situation, goals, and legal needs.

As a bankruptcy law firm with extensive experience in all areas of bankruptcy, foreclosure defense, and loan modification, we represent individuals throughout Texas who are struggling with debt and seeking relief through the bankruptcy process.

Our firm is staffed with experienced foreclosure lawyers in Dallas TX who are experts in the field and will work hard to help you save your home or investment property. Whether you simply need a plan to get caught up on your past due to payments or you need to fight for a principal reduction or loan modification, our foreclosure attorneys are here for you when times get tough.

We take pride in delivering outstanding customer service and results for every client we represent. If you have questions about your foreclosure or mortgage options, contact us today for a free consultation with one of our expert foreclosure lawyers in Dallas, TX. We can review your situation and answer all of your questions at no cost to you.