Dallas Foreclosure Lawyer
Considering Bankruptcy? We’re Here to Help!
The word “foreclosure” strikes fear in the heart of many people, but it doesn’t have to. A foreclosure occurs when a lender repossesses a home the owner was unable to make mortgage payments on. After the bank forecloses on a home, it will typically sell the property and keep the proceeds as a payoff of the mortgage.
As the number of foreclosures in the Dallas - Fort Worth area increases, more people are considering filing for bankruptcy. Filing might be the only way to save your house from foreclosure. Receiving protection under Chapter 7 and Chapter 13 bankruptcy are two options you have in avoiding foreclosure.
New laws have made it harder for individuals to file for Chapter 7. While filing for Chapter 7 is still a choice to avoid foreclosure, you will have to pass a means test to qualify for it. To learn more about the means test and other Chapter 7 information, please visit our Chapter 7 bankruptcy page.
Most homeowners opt to file for Chapter 13 bankruptcy instead. It is easier than filing for Chapter 7 and will better protect your house from foreclosure. If you are behind in house payments, having Chapter 13 status helps by allowing you to pay back the debt over time. Please visit our Chapter 13 bankruptcy page for more information.
Learn more about foreclosures by contacting experienced Dallas Foreclosure Lawyer
Billy D. Price for your confidential, no-charge consultation.
