Life can happen, and major changes like a recent divorce or a car accident can make it hard to make mortgage payments on time. When you continue missing payments, eventually a lender can pursue foreclosure. Losing a property due to foreclosure can be a traumatic experience, especially because it can make purchasing another home or property difficult. Whether you’re going through the process or want to prevent a foreclosure, our Hurst, TX foreclosure lawyer is here to help!
Hurst, TX Foreclosure Lawyer
A foreclosure can have many negative impacts on your financial life. Following a foreclosure, you can expect your credit to drop around 280 points. This sudden drop can happen quickly, while the process of repairing your credit can take years. The process for repairing your credit involves making timely payments on debts like car loans and credit cards.
Even as you begin the process of rebuilding your credit, lenders are likely to be hesitant to consider a new home mortgage application. Fortunately, since the impact that COVID-19 and the pandemic have had on the housing market and people’s credit scores as a whole, some lenders are more willing to listen to your situation. However, you can still face tax complications if a lender doesn’t recoup their full investment after a foreclosure. Some prospective jobs may also check your credit score, and a foreclosure can reflect poorly.
While a foreclosure is scary, our team is here to help you through the process and, in some cases, prevent the foreclosure from happening. One solution to stopping a foreclosure can be filing for a Chapter 13 bankruptcy. This court-protected plan can halt the foreclosure, alongside helping you eliminate or consolidate certain debts, including medical bills and credit card debts. This strategy can free up money, allowing you to resolve outstanding mortgage payments and make future payments.
Our Experience Makes A Difference
Going through or stopping a foreclosure can be exhausting, but our Hurst foreclosure lawyers can make the process easier.
- We offer many financial solutions and strategies, and we’re firm believers in giving our clients the tools to maintain their financial freedom. Alongside stopping or guiding you through the foreclosure process, we can teach you basic money management skills and help you rebuild your credit.
- Our team brings more than 15 years of experience, and during this time, we have worked with clients from all walks of life. We understand that everyone’s financial situation is different, and we’re more than happy to meet you where you’re at!
- We can provide a free consultation and case evaluation. During this process, we’ll get to know more about you and your situation. Once we hear the full details of your story, we can offer you our professional opinion on how we can help. You’re under no obligation to work with us after hearing what we can offer.
Dealing with a foreclosure can be stressful, but our team is here to help you through it. Call us at Leinart Law Firm today to work with our Hurst foreclosure lawyer!
