Home is where your heart is, where memories are made, families gather, and friends visit. Your home is an emotional investment – an investment of time and money.
If you own a home, this is probably your largest and most valuable asset. A bankruptcy petition stops the foreclosure of your home – it stops foreclosures on any type of physical property that you own. The lender has no option once a bankruptcy case is filed. The bankruptcy also allows you to restructure the amount you are behind and pay the past due amount over a period of up to 5 years. Even if you do not think you can afford your home, a bankruptcy may restructure the debts on your house to make it affordable. Please be aware – if you wait to act until after the foreclosure sale, you are probably too late in Texas. There is no right of redemption for foreclosures (except for ad valorem taxes).
When you are facing foreclosure it can feel as if you life is unraveling. At Baker & Associates it’s our goal to help people with their financial difficulties and provide professional legal advice for everyday living. Financial difficulties usually arise out of an unexpected crisis, such as loss of job, major medical emergency, divorce or business failure. We want to be available to our clients through these difficult times and help them move forward.
Our Home Sweet Home program was created to help us utilize every possible tool allowed by law to save your home from foreclosure. When your home is posted for foreclosure, it is important for you to know your rights in order to make an informed decision about your future. At Baker & Associates we offer a FREE initial consultation to discuss your foreclosure situation and any other debt related issues you may be facing.