Austin Texas Foreclosure Help, Defense, Laws and Process


Austin is one of the largest cities of Texas. The people of Austin are very hard working and that is they face less economical problems. This article targets those residents of Austin which are in trouble and facing foreclosure. Many of you must be always making yourself aware about the topics like mortgage help and avoidance of bankruptcy. Nowadays these topics are very important and their study makes you aware of the latest economic trends. You must always approach for government help if you are facing any kind of mortgage fraud. Government assistance in the city of Austin is very effective. Austin foreclosure process is quite simple, there are no non judicial instruments like the deed of trust or the mortgage documents involved, the lender simply sues you in the federal court of law and the court decides to initiate the foreclosure procedure. There are many things which you must do if you are facing a foreclosure process.

Stop Foreclosure in Austin, Texas

Few basic must to do points to stop Austin foreclosure process are as follows:

  • Mortgage modification plan: many of us try many services but everything fails to do help us. At that time you must immediately approach your bank and ask for mortgage modification plan which can provide you time for the re payments and stop foreclosure for that moment.
  • Short sale: many of you know about the option of short sale. In short sale you sell your property to the lender and get money which helps you in stopping foreclosure.
  • After the third installment is missed the lender will hire an attorney who will file a lawsuit against you, send you notices via every possible communication channel, give you thirty days time and draft a demand letter on behalf of his client (in this case the lender), and you will have to fulfill the demands along with attorney fees within 30 day.
  • Redemption is the last chance to get back you property it can be as short as 3 months to as long as one year. The procedure workflow remains constant, only the laws, timelines and contact person changes in every state of the United States.

Austin foreclosure process is not a very tedious work to handle. But you should always be careful as the foreclosure process will set to take your home away from you. You should also remember that the foreclosure process in the city of Austin is governed by the laws of the state of Texas and more exact details can be found here

Austin foreclosure process is not a very long procedure and gives you ample time and opportunity for avoiding the foreclosure process, keeping the following in mind, failing to do so; you shall lose your house.

Austin Texas Foreclosure Process

  • Getting in touch with your lender as soon as possible when you start experiencing the financial crunch. Making sure you receive your entire lender calls.
  • Attending all official communications from your lender, people mostly fail to attend these calls, being embarrassed about their condition. Attending all court proceedings as they help you prepare a better defense.
  • Getting in touch with a HUD approved counselor or agency they will really help avoid your Austin foreclosure process.
  • Working out a plan with your lender will be beneficial as the government advises most of the lenders (generally the banks) to be flexible and versatile with customers. Checking out you rights and other available options like re-financing or re modeling of the loan structure.

The above points will certainly ensure a difference. However, if you are facing a foreclosure problem then you should work on it rather than looking for unethical evasion.