Most people facing foreclosure in Texas are unaware that they have other options besides letting the house go back to the bank or declare bankruptcy.
Online PR News – 06-June-2011 – – The good news is that foreclosure can be stopped dead in its tracks through a restraining order. Of course this process involves an attorney, expenses, and may not work. Congress has recently become aware that banks and mortgage companies are foreclosing on homes without following proper procedures. In fact Bank of America and other banks halted foreclosures for a time to reexamine their procedures. The key issue is that loans are sold and re-sold along with the servicing rights and many time the foreclosing bank isn't even entitled to foreclose because the transfer of owners wasn't Done correctly. To see if you qualify for an emergency stay of foreclosure call David Disraeli at 512.535.2674.
David Disraeli is not attorney and cannot give legal advice. However Mr. Disraeli analyzes homeowners' circumstances and where appropriate make referrals to local attorneys.