Foreclosure Prevention in Texas

Danny Johnson August 25, 2016 215 Responses

Important things to know about foreclosure prevention in Texas

You really need to understand what happens in a foreclosure. It will help you to learn what you can do to avoid foreclosure actions. It is a distressing situation to be in and not one that most people plan on having to deal with. This means that when they are faced with this situation they don’t have the knowledge needed to deal with it. Now they must seek out foreclosure help before they lose their home.

foreclosure can be costly and is prevention is so important

How to Prevent Foreclosure

You probably have been aware that you are heading into a foreclosure situation. This is based on the fact that you have not been able to make your mortgage payments. Normally after you have missed 3 of these payments you will receive a notice of default (NOD). Now you will have to look for foreclosure prevention assistance in Texas so that you can attempt to avoid foreclosure. This is to help you with this serious matter.

Learning how to keep your house when in foreclosure means taking some positive steps on your part.

Coming To An Agreement

Most lenders do not want to go through the process of foreclosure. They will try to offer some type of foreclosure help by being open to a solution. The lender may be willing to make some type of compromise with you. This may be even if the property has been scheduled for auction. It is important that you never give up trying to determine how to prevent foreclosure.

Even though you may be trying to reach a solution with the lender this should not be your own action. You should look at foreclosure prevention services at the same time. Don’t just rely on trying to compromise as your only foreclosure solution. This could mean you are passing up other helpful opportunities. Opportunities like those that may help with foreclosure prevention, especially in Texas.

wood house with a green bike

Is A Short Sale The Answer To Avoid Foreclosure?

If you have run into difficulty with paying your mortgage you may have decided to put your house up for sale. Some individuals will do this as a means of foreclosure prevention.

If you get an offer to buy the house, perhaps from a house buying company, the lender should be notified of this. The lender will have to give it some thought. Once a house goes into foreclosure it is usually put up for sale anyway.  Lenders accepting short sales can avoid many of the hassles that come with foreclosures.

Your foreclosure prevention efforts should be focused on getting your house sold quickly. Make your Realtor aware of your situation. They can apply aggressive efforts to get the house sold…but you still might not get it sold before the auction date arrives.

Once an offer comes in then you will have to negotiate with the lender to take the offer. There is a  downside to the short sale. This is if you are also trying to seek out how to keep house when facing foreclosure and looking for foreclosure solutions.

Bankruptcy As A Means Of Foreclosure Prevention

Once you file for bankruptcy any further action against you in regards to the foreclosure is put on hold. What is important to realize is that bankruptcy is just a temporary solution.

Your financial situation may be temporary. Perhaps you will be able to handle your mortgage situation in the near future. Bankruptcy can buy you some time. There are different forms of bankruptcy. In some cases suitable terms can be arranged to catch up the arrears. Also, arrangements for future mortgage payments can be made. You will have to meet past and future financial mortgage obligations with your bankruptcy. If your intention is to keep the home.

Pink piggy bank with human hands around it

Deed in Lieu Option

To aid in foreclosure prevention, you may want to consider Deed in Lieu.

What this means is that you are simply giving ownership back to the lender. While this may sound simple it’s not something that most lenders want to do. They are concerned about a potential law suit from the homeowner.

This could be claiming they didn’t understand the legalities of this. The lender also would have to accept the responsibility of any other mortgages on the home. Including  home equity line of credits.

There is a downside to this.  The homeowner is giving up any attempts to try and prevent the foreclosure. There may be a possibility to prevent this through foreclosure prevention services.

Assumption

It may be that you can find someone that is willing to assume your mortgage. The problem is most lenders have a clause built into the mortgage contract that prevents this. You may be able to negotiate with the lender to remove the clause. This would allow a buyer to take over the mortgage.

This would give them ownership of the house provided they honor the mortgage. There is a  downfall to this.  Although you may be preventing foreclosure, you are  still going to lose your home.

Foreclosure Prevention Services

When you are looking for foreclosure prevention in Texas solutions you will want to do some research.

See if there is a foreclosure prevention program that can assist you.  Part of this service includes counseling like loan modification. In some cases you may be able to be involved in a foreclosure prevention program… one that can arrange a short sale opportunity.

This could mean that you may still be able to remain in your home even though you would no longer own it. It is important when choosing a service to rely on that you choose one that is reputable. You want a service that is going to provide you with resources that can help you with the situation you are in.

There is no doubt that the threat of foreclosure is distressing. It puts one in a situation where they could possibly lose their home, and all that they have invested in it. It is highly important to seek out as much help as possible. Knowing your rights when in this situation will help you make informed decisions. There are several steps that you can take to help prevent the foreclosure but you have to put the time and effort into this.

Avoid Foreclosure By Selling Your San Antonio House Before Auction

There is another alternative and that is to sell your house fast before auction.

Danny Buys Houses can make you a cash offer to buy the house as-is. Paying cash for houses allows us to close very quickly…in as little as 2 days if absolutely necessary.

Click here to get a cash offer for your house or just give us a call at 210-610-2511. We look forward to talking with you about what options you have.

215 Responses

  2. Simply wish to say your article is as surprising. The clarity in your
    post is simply great and i can assume you’re an expert on this subject.
    Fine with your permission allow me to grab your RSS feed to keep up to date with forthcoming post.
    Thanks a million and please carry on the gratifying work.
    0mniartist asmr

    Reply

  4. Pretty component of content. I just stumbled upon your website and in accession capital to say that I
    get actually loved account your weblog posts. Any way I
    will be subscribing in your augment or even I success you access constantly quickly.
    asmr 0mniartist

    Reply

  8. Great blog here! Also your web site loads up fast! What web host are you using?
    Can I get your affiliate link to your host?
    I wish my web site loaded up as fast as yours lol

    Reply

  10. Hello there I am so grateful I found your blog, I really found you by mistake, while I was
    looking on Yahoo for something else, Nonetheless I am here
    now and would just like to say thank you for a remarkable
    post and a all round exciting blog (I also love the theme/design),
    I don’t have time to read through it all at the minute but I have book-marked it and also added your RSS
    feeds, so when I have time I will be back to read much more,
    Please do keep up the awesome job.

    Reply

  11. Good day! I could have sworn I’ve been to this site before but after checking
    through some of the post I realized it’s new to me. Nonetheless, I’m definitely glad I
    found it and I’ll be book-marking and checking back often!

    Reply

  13. Hmm it appears like your site ate my first comment (it was super long)
    so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your
    blog. I as well am an aspiring blog writer but I’m still new to the whole thing.
    Do you have any helpful hints for novice blog writers?
    I’d genuinely appreciate it.

    Reply

  14. Terrific work! This is the kind of info that are meant to be
    shared around the internet. Shame on Google for not positioning this
    put up higher! Come on over and discuss with my web site
    . Thanks =)

    Reply

  16. Pretty great post. I simply stumbled upon your weblog and wanted to say that I
    have really enjoyed browsing your weblog posts.
    In any case I will be subscribing for your feed and I’m hoping you write again soon!

    Reply

  17. You are so interesting! I do not suppose I’ve read
    through a single thing like that before. So good to discover somebody
    with original thoughts on this subject. Really..
    thanks for starting this up. This web site is something that’s needed on the web,
    someone with a little originality!

    Reply

  21. scoliosis
    Hello this is somewhat of off topic but I was wanting to know
    if blogs use WYSIWYG editors or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding expertise so
    I wanted to get advice from someone with experience.
    Any help would be enormously appreciated! scoliosis

    Reply

  24. scoliosis
    Hello just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading properly.

    I’m not sure why but I think its a linking
    issue. I’ve tried it in two different browsers and both show the same results.
    scoliosis

    Reply

  27. I used to be suggested this blog through my cousin.
    I am now not sure whether this publish is written by way of him as no one else recognize such distinctive about my difficulty.
    You’re incredible! Thanks!

    Reply

  28. Having read this I believed it was very enlightening.
    I appreciate you taking the time and energy to put this
    information together. I once again find myself
    spending way too much time both reading and leaving comments.
    But so what, it was still worth it!

    Reply

  31. Hiya! Quick question that’s totally off topic. Do you know how
    to make your site mobile friendly? My blog looks weird
    when browsing from my iphone 4. I’m trying to find a theme or plugin that might
    be able to fix this issue. If you have any
    recommendations, please share. Thanks!

    Reply

  33. We stumbled over here from a different website and thought I might check things out.
    I like what I see so now i’m following you. Look forward to looking into your web page
    yet again.

    Reply

  63. I’m really impressed with your writing skills as well as with the
    layout on your weblog. Is this a paid theme or did you modify it
    yourself? Anyway keep up the nice quality writing, it’s rare to see
    a nice blog like this one nowadays.

    Reply

  67. Thanks a bunch for sharing this with all people you really realize what you are
    talking approximately! Bookmarked. Please additionally consult with my website =).
    We may have a hyperlink alternate agreement among us

    Reply

  74. This is really interesting, You’re a very skilled blogger.
    I’ve joined your rss feed and look forward to seeking
    more of your magnificent post. Also, I have shared your site in my social networks!

    Reply

  75. Very nice post. I just stumbled upon your blog and wished to say that I’ve
    truly enjoyed browsing your blog posts. In any case I’ll be subscribing to your rss
    feed and I hope you write again very soon!

    Reply

  79. Yesterday, while I was at work, my sister stole my apple ipad and tested to see if it can survive a 40 foot drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views. I know this is totally off topic but I had to share it with someone!

    Reply

  80. Greetings! I know this is kinda off topic but I was wondering if you knew where I could get a captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having problems finding one? Thanks a lot!

    Reply

  83. Hi there, just became aware of your blog through Google,
    and found that it is truly informative. I’m going to watch out for brussels.
    I’ll appreciate if you continue this in future. Many
    people will be benefited from your writing.

    Cheers!

    Reply

  86. I’ve been exploring for a bit for any high-quality articles
    or blog posts in this sort of area . Exploring in Yahoo I
    finally stumbled upon this web site. Reading this info So i’m
    glad to exhibit that I’ve an incredibly good uncanny feeling I found
    out just what I needed. I most certainly will make certain to do not
    fail to remember this website and provides it a glance regularly.

    Reply

  88. Wonderful goods from you, man. I’ve understand your stuff previous to
    and you are just extremely great. I actually like what you
    have acquired here, certainly like what you’re stating and the way in which
    you say it. You make it enjoyable and you still care for to keep it
    smart. I can’t wait to read far more from you. This is actually a terrific web site.

    Reply

  91. I was extremely pleased to find this website.
    I need to to thank you for ones time for this fantastic read!!
    I definitely savored every bit of it and I have you
    saved as a favorite to see new information in your site.

    Reply

  96. “I haven’t seen you in these parts,” the barkeep said, sidling over and above to where I sat. “Repute’s Bao.” He stated it exuberantly, as if word of his exploits were shared by way of settlers hither multitudinous a fire in Aeternum.

    He waved to a unanimated keg apart from us, and I returned his indication with a nod. He filled a telescope and slid it to me across the stained red wood of the bar first continuing.

    “As a betting chains, I’d be delighted to wager a adequate bit of invent you’re in Ebonscale Reach on the side of more than the wet one’s whistle and sights,” he said, eyes glancing from the sword sheathed on my in to the bend slung across my back.

    http://maps.google.it/url?q=https://renewworld.ru/new-world-kak-popast-na-alfa-i-beta-testy/

    Reply

  102. “I haven’t seen you in these parts,” the barkeep said, sidling over and above to where I sat. “Name’s Bao.” He stated it exuberantly, as if word of his exploits were shared by way of settlers hither assorted a firing in Aeternum.

    He waved to a wooden keg upset us, and I returned his gesture with a nod. He filled a telescope and slid it to me across the stained red wood of the court first continuing.

    “As a betting houseman, I’d be willing to wager a above-board piece of coin you’re in Ebonscale Reach on the side of more than the swig and sights,” he said, eyes glancing from the sword sheathed on my in to the capitulate slung across my back.

    https://images.google.dj/url?q=https://renewworld.ru/budet-li-russkiy-yazyk-v-new-world/

    Reply

  113. Thanks for the new stuff you have unveiled in your text. One thing I’d prefer to discuss is that FSBO associations are built after some time. By presenting yourself to the owners the first end of the week their FSBO is definitely announced, prior to the masses start off calling on Monday, you build a good network. By mailing them methods, educational components, free accounts, and forms, you become a strong ally. By subtracting a personal interest in them and their scenario, you generate a solid connection that, on many occasions, pays off in the event the owners decide to go with a broker they know as well as trust — preferably you actually.

    Reply

  184. С любовью для вас шестнадцать новых сериалов для истинных ценителей мистики.
    Чики смотреть онлайн новый сезон, новые серии.

    Смотрите по планируемой дате выхода, Сериалы жанра “Детектив”.

    Помимо прочего все мы выдает библиографию телеканалов Euronews,
    HD СТБ, 4K СТС Love, прямой эфир Матч ТВ, трансляция К1.

    Reply

  205. Hi, I think your blog might be having browser compatibility issues. When I look at your blog in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, awesome blog!|

    Reply

  210. Great blog here! Additionally your web site rather a lot up very fast! What host are you the usage of? Can I get your associate hyperlink on your host? I desire my website loaded up as quickly as yours lol|

    Reply

  211. Wow that was unusual. I just wrote an extremely long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say wonderful blog!|

    Reply

Leave a Reply

I appreciated how Danny didn't put any pressure on getting the sale. Danny helped with the process and allowed me the time I needed. He was very flexible and made himself available to assist with any questions I had. I would recommend Danny to anyone that wanted a knowledgeable buyer. He was excellent to work with. Thanks Danny.

Linda Hommerbocker, San Antonio, TX

Get a Cash Offer

We Look Forward to Speaking With You

Danny and Melissa Johnson

Danny and Melissa Johnson Owners and Operators of Danny Buys Houses

Call Danny Now 210-881-7707

5225 McCullough Ave, San Antonio, TX 78212