EN

Translate:

Texas Property Relief LLC

Texas Property Relief LLCTexas Property Relief LLCTexas Property Relief LLC

Texas Property Relief LLC

Texas Property Relief LLCTexas Property Relief LLCTexas Property Relief LLC
  • Home
  • Contact Us
  • About Us
  • Sell Your House Fast
  • FAQ
  • More
    • Home
    • Contact Us
    • About Us
    • Sell Your House Fast
    • FAQ

EN

  • Home
  • Contact Us
  • About Us
  • Sell Your House Fast
  • FAQ

Helpful information

Want To Learn How To Stop Foreclosure Now?

Do you have a TX house that’s in foreclosure right now? Many people going through the TX foreclosure process want to get out from under that burdensome house and wonder if they can sell house fast to stop foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your property prior to foreclosure. Generally, the sooner you start, the better. 

Sell House Fast To Stop Foreclosure - How It Works

There are a lot of folks in TX who have faced foreclosure in the past few years. Since the changes in the economy, a lot of banks have been shifting the way that they deal with foreclosures.


Remember, the bank that carries your mortgage doesn’t want to see your home abandoned or auctioned. The bank stands to make the most amount of money by helping you to avoid foreclosure by selling your property. However, dealing with banks during any part of the foreclosure process can be a huge pain. Over many years of working with banks to help stop foreclosure process, we’ve learned a few tricks that will help you. 

Working With Banks During the Foreclosure Process

 

  1. Always over-communicate with the bank. Call with updates and show them what you’re doing to get your property sold.
  2. Don’t miss deadlines. If anything will be late, call with advance notice.
  3. Remember that bankers are people too. Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems to make it right goes a long way.
  4. Start keeping careful records of every conversation you have with the bank. Nothing counts unless it is in writing. Make sure to keep track of each person you speak with, what they said, and any promises made.
  5. Explore all your options, including short sale, loan modifications, and bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
  6. Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the less options are available to you.

Sell House Fast To Stop Bankruptcy

Do you want to sell house fast to stop bankruptcy? Bankruptcy is a major decision, and it is extremely important that is the best decision for you. Often people feel bankruptcy is their last resort to stop their foreclosure and that everything will work out at the end. The truth is filing bankruptcy does NOT end or stop foreclosures. Although it can temporarily stop foreclosure, most of the time it just delays the inevitability of foreclosure. Bankruptcy also leads to higher legal fees and various costs.


Additionally, bankruptcy creates a permanent, negative score on your credit even years after filing. This will have a significant impact on your financial recovery, making it tough in the future.


Unfortunately, buying more time does not necessarily mean that problems will be resolved in the end. It is important, to be honest, and realistic with yourself about how you will be able to make the required payments to keep your home. In our experience, bankruptcy does make sense for certain situation. However, there are other options, and it is best that these options are explored before filing for bankruptcy. Most bankruptcy attorneys will tell you that filing for bankruptcy is your best choice. However, we have found that many times this was actually not the case. Make sure you thoroughly investigate all your possibilities, and we will be more than happy to discuss alternative solutions to prevent you from unnecessarily filing.


In the event you have ready filed bankruptcy, defaulted and are now in danger of foreclosing on your home, there may still be hope. We can work with the bankruptcy courts and trustees therein to provide an alternative solution so that you don’t lose your home to a sheriff sale. 

Copyright © 2022 Texas Property Relief - All Rights Reserved.