Short Sales and Loan Modifications in Houston, Dallas and other TX areas. Let our attorneys and lawyers negotiate the best terms for you.
Everything's bigger in Texas and unfortunately, this holds true even in the foreclosure market. Only five states have had more filings than Texas this year. With such huge populations centers in various parts of the state, it's not a surprise. Some good news for Texas is that despite the overall numbers, it ranks much lower in rate of foreclosure meaning that per household, the problem isn't as bad. Still, with thousands of people not making ends meet every month, there is a huge need for relief. Texas Loan Modification and Short Sale
Fortunately, there are options with our attorneys. If you're late on mortgage payments or are just barely getting by and know something has to change, you are a likely candidate for a loan modification. And if that's not the right fit, we can also negotiate for a short sale of your home. We will represent you throughout the entire process and build a case that gets you back on track.
Get Help Now!
Whatever the case is, make sure you take action today. The fact you are reading this probably means you know there are problems that you need help with. When you wait, you are taking a great risk. You should pursue a workout agreement while there is still time. It's ok to be late on mortgage payments, but it's not ok to sit and do nothing about it.
Texas Housing Outlook
Texans should be happy that the rate of foreclosure is lower than almost half the country but with so many residents, the overall numbers are staggering. The problem will likely continue as long as the housing market remains in turmoil and will largely be located in the population centers of the state.
* San Antonio
* El Paso
* Fort Worth
* Corpus Christi
Residents in these areas as well as other cities throughout Texas are eligible to receive help. Our team of attorneys and lawyers can get your situation resolved. Fill out the form for your free consultation by one of our licensed attorneys today.
TEXAS Loan Modification
The state of Texas is among the states in the country that were able to address the problems of foreclosure. But this doesn't mean that no one in this state is having problems with their property. Of the total homeowners in the state of Texas, 1.5% is currently facing foreclosure. This percentage is actually very impressive compared to the national average which is at 11%. This means that only one in every 809 homeowners in the state are facing foreclosure.
But the reasons for this financial problem is not only based on the fact that a lot of people are losing jobs here. Other determining factors such as family problems (divorce) and medical problems have been put into play as one of the reasons why they are currently having some problems in paying for their mortgage.
Although the state is currently weathering the financial challenges of foreclosure, 2009 will not be friendly for the state. The upcoming adjustments in mortgage rates could easily increase the total monthly mortgage payment of homeowners. Because of these changes, more homeowners could be losing their homes in the upcoming months. Nationally, the first months of the year could be challenging as the country will experience a short but significant increase in numbers of foreclosure filings.
Anticipation through Loan Modification
Because of the anticipated rise of home owners facing foreclosure in the upcoming months, the need to know more about loan modification arises. Everyone, even though you're not from Texas, should know more about loan modification so that you will know what type of help is available for you if you find yourself in trouble with your property.
Loan modification is primarily a type of assistance extended to those who have payment problems with their mortgage. Only those that are financially strapped could avail of the services of loan modification companies as they will help those that are unable to pay through negotiations with their lender. Through proper negotiations, the debtor should be able to change the terms and conditions of their mortgage which could even lead to the deduction of the principal amount. Those that are late in their mortgage payments can also avail of their services.
Mutual Advantage for the Industry and Property Owner
Some would say that loan modification companies will only lead the downfall of the real estate industry. The fear is based on the fact that almost anyone could get away with their loans if they are unable to pay for it. With the right loan modification company, thousands of dollars could be slashed off from the original price which could lead to the downfall of the real estate industry.
But the exact truth is actually the opposite. Instead of the downfall of the real estate industry, loan modification companies actually save the real estate industry. The loan modification company is helpful to the consumer since they help in reducing the monthly payment. On the other hand, they are also helping the real estate industry by preventing foreclosure and still receive monthly mortgage payment.