Stop Foreclosure in Dallas - Fort Worth
Stop Foreclosure with a Dallas Fort Worth Bankruptcy Attorney
If you're trying to stop foreclosure in Dallas - Fort Worth, the first thing you should know is that Texas is a non-judicial foreclosure state. That means, in the terms of your mortgage, you have given the lender the right to sell your home if the loan falls into default. That clause is called "Power of Sale."
Your lender does not need a court order to foreclose upon your home.
Once your loan is in default, you have as little as 20 days before the lender sells your home. However, there is still hope. You can delay the foreclosure by a number of months if you file Chapter 7 bankruptcy. There is also a chance that you can actually save your home with a successful Chapter 13 petition.
A person in bankruptcy is granted an automatic stay. Under an automatic stay, creditors must cease all debt collection and legal activities related to your debts. However, there is a still a chance that your creditors will file a successful motion to lift stay, in which case you will no longer have bankruptcy protection from that creditor.
That is why you need experienced and aggressive legal counsel. The Dallas- Fort Worth area attorneys at the Law Offices of David Kohm have successfully represented many cases just like yours. We understand that this is a stressful time for you and your family. We provide the legal protection you need on your way back to financial solvency.