Bedford Foreclosure Defense Lawyers
Foreclosure is initiated when an individual is delinquent on mortgage payments. The process allows the lender to reclaim the home or property to compensate for the outstanding balance on the mortgage. If you are exploring your various foreclosure defense options and are facing the prospect of losing your home or property, do not hesitate to speak with our Bedford bankruptcy attorneys at your earliest convenience.
At this point in your financial situation, all possible routes may seem overwhelming or frightening. Do not feel like you are alone in this process, however. At The Law Office of Mark B. French, we are devoted to providing personalized client representation and ensuring that the people we serve are able to protect their homes. Although the number of foreclosures in Texas has slowly been decreasing, it is still a serious issue that damages the lives of individuals and families throughout the state.
Legal Guidance from The Law Office of Mark B. French
You have a few options to resolve your current financial issues if your house is subject to foreclosure actions. Short sale is one available defense against foreclosure. Short sales occur when the bank agrees to accept the amount the home has sold for even if that amount is less than the balance on the mortgage. Filing for bankruptcy is another defense option available if you are faced with foreclosure.
Whether you choose to file for Chapter 7 or Chapter 13 bankruptcy, an automatic stay will be placed on the foreclosure proceedings once you file. Bankruptcy can provide you with the necessary time to resolve your debt issues in order to keep your home. Completion of a bankruptcy will also protect you against a deficiency judgment by the mortgage lender.
At The Law Office of Mark B. French, we can help you determine the best possible strategy for your situation. Contact our lawyers at your earliest convenience.