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Foreclosure

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We Can Save Your Home!

ForeclosureIf you are behind on your mortgage payment or have received a notice that your home is set for foreclosure, do not wait a moment longer if you want to save your house. Mr. Pelley can keep you in your house if you take immediate action today.

Since there is absolutely no charge for your first consultation with us, there is no reason to wait. If you wait too long, it will be too late to stop the foreclosure and you will have to move out.

Alternatives to Foreclosure

Facing foreclosure doesn’t mean you’re out of options. Several alternatives can help you avoid losing your home while managing your financial challenges. One common option is a loan modification, which involves renegotiating the terms of your mortgage to reduce monthly payments or extend the loan term. This can make payments more manageable but may increase the overall cost of the loan due to additional interest over time.

Another alternative is forbearance, a temporary suspension or reduction of payments during a financial hardship. While forbearance provides immediate relief, it doesn’t erase missed payments, which must eventually be repaid. A short sale is another option, allowing you to sell your home for less than the mortgage balance with lender approval. This can prevent foreclosure but may impact your credit score. A Plano foreclosure attorney can help you weigh the pros and cons of these options and guide you toward the best solution for your situation.

Bankruptcy: A Powerful Tool to Stop Foreclosure

Bankruptcy is a proven legal solution for stopping foreclosure in its tracks. Filing for Chapter 13 bankruptcy before the foreclosure sale provides an automatic stay, halting all collection activities, including the foreclosure process. This option allows you to catch up on missed mortgage payments over five years while keeping your home. For instance, if you owe $5,000 in back payments, Chapter 13 gives you the flexibility to repay this amount over 60 months—just $115 per month.

Our team of experienced Plano foreclosure attorneys has been helping homeowners avoid foreclosure since 1974. With our guidance, you can take advantage of the protections bankruptcy offers and gain a manageable path to financial recovery. Contact Pelley Law Office, L.L.P., today for a free consultation to discuss your unique situation and learn how we can help.

Step-by-Step Foreclosure Defense Process

The foreclosure process begins with a Notice of Default, which alerts homeowners that they are behind on their payments and at risk of foreclosure. After this notice, lenders must follow specific legal timelines and procedures before proceeding with a foreclosure sale. During this period, homeowners have rights, including the ability to dispute the foreclosure or negotiate alternatives.

At Pelley Law Office, our Plano foreclosure attorneys take a strategic approach to foreclosure defense. We start by carefully reviewing your lender’s compliance with all legal requirements. Errors in documentation, improper notifications, or failure to follow procedural rules can provide grounds to challenge the foreclosure. Additionally, we identify opportunities to file legal responses that can delay or stop the process altogether.

Our goal is to protect your home and your rights every step of the way. Whether negotiating with lenders or representing you in court, our experienced foreclosure attorneys in Plano are here to provide the guidance and advocacy you need during this difficult time.

Bankruptcy Will Stop The Foreclosure Sale!

Chapter 13 bankruptcy is most often the best option for homeowners who are behind on their mortgage. If you file bankruptcy before the foreclosure sale, you can save your home. You will have five years to get caught up on the back mortgage payments. For example, if you are behind $5,000 on your house and you cannot afford to get caught up in one payment, then Chapter 13 will allow you to pay that $5,000 back over 60 months at somewhere around $115 a month.

Contact Pelley Law Office, L.L.P., today to arrange a free confidential consultation. Our bankruptcy attorneys have helped thousands of people just like you avoid foreclosure since 1974. You can rely on our experience during this difficult time.

The best way of predicting your future is to research the results we have achieved in the past.

FAQs and Myths About Foreclosure

Does filing for bankruptcy stop foreclosure?

Yes, filing for bankruptcy—especially Chapter 13—halts the foreclosure process immediately due to the automatic stay. This legal protection prevents lenders from proceeding with foreclosure while your case is active.

What legal protections exist under Texas law?

Texas law requires lenders to provide adequate notice and follow specific procedures before initiating foreclosure. Homeowners also have the right to dispute the foreclosure or negotiate alternatives during this process.

How long does the foreclosure process take?

The timeline varies but generally takes several months from the Notice of Default to the foreclosure sale. This period allows time to explore legal defenses and alternatives to foreclosure.

Myth: Foreclosure means immediate eviction

This is false. Even after a foreclosure sale, homeowners are not required to vacate immediately. You may still have options, such as filing a legal challenge or negotiating a settlement.

By understanding your rights and options, you can take control of the foreclosure process and protect your home. Contact a Plano foreclosure attorney today to get answers to your questions and start building your defense.

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400 Crescent Court, Suite 700
Dallas, Texas 75201

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