Foreclosure Notice

Do not expect to be able to camp out in your house after you have gotten your that notice of sale letter, that is common in Texas’s foreclosure timeline. Once you get a foreclosure notice, Texans have to act quickly to save their homes. If you do not, you might as well say ‘que sera, sera.’ It is time to pack your bags and move out of your house by the date specified on the eviction notice.

Unlike other states, Texas has no redemption period. This means once you have lost your house to foreclosure and receive that final foreclosure notice, you do not have the opportunity to win back your house. You have simply lost it and all those possessions that you do not take with you when you leave.

Spur yourself into action with the first Foreclosure Notice

You may not have another chance to save your house, based Texas’s short foreclosure timeline, so make your opportunity count. Do not wait too long after you get that first foreclosure notice. You may still be able to save your home, if you call your lender, discuss your options, and ask for a loan modification. It is no guarantee that your lender will work with you, but it is worth asking and trying to resolve your delinquent mortgage account. Better yet, contact us and we can work with your lender for you. We have helped many homeowners in the same situation in which you find yourself.

You do not want to wait too long after the period of time the lender gives you to “cure” your account. If you are already having money problems, you might not be able to afford to pay your mortgage off in full. Some banks will not lend money to borrowers if they already have a mortgage and are in default. Waiting until the second foreclosure notice only means you are one-step closer to officially losing your house.

Who can claim they did not get a Foreclosure Notice?

Both the first and second foreclosure notice is sent by certified mail for a reason. It is hard for borrowers to claim that they never received a foreclosure notice. If you truly want to continue to live in that 3-bedroom, 2-bathroom cozy cottage that you call home, you may need to contact a professional to study your options and help you save your house. There is no shame in admitting you need help, if it means you are going to save your house.

Have you gotten a foreclosure notice and are wondering what to do next? Give us a call. It is free to call us and we can outline all your options, if you call us right away. We can help you avoid that letter of foreclosure auction, if you are proactive about keeping your house. We do not charge you for the call and our professionals can help you to stay calm, while we suggest the best course of action. The scary part is not getting a foreclosure notice; it is sitting back and not doing anything about your loan difficulties and money woes. We can help; give us a call at 512-271-5044.

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