foreclosure options texas
What are my options as a homeowner?
I want to know what are my options, I am currently buying a home I have been in this house for two years now. I am behind on the mortgage and my husband and I are getting ready to divorce. I don’t want to let the house go due to my credit, some time in the future I do want to get another home for my children and I. What are my options other the foreclosure. If it helps the home is in Mesquite, Texas (DFW area). Thanks!
If you are getting beat up by the bank, you might want to consider a forensic audit of your loan process.
Lenders have many requirements that they are supposed to follow when making a loan and in the last few years have not fulfilled their requirements.
Nearly all loans that were – ARM’s, Stated Income, Investor, No Doc, had a prepayment penalty, were made to someone speaking a foreign language – were made out of compliance. The audit will show what the lender has done in violation of the lending requirements.
You use their violations to give yourself a position of strength in dealing with them, instead of being under their thumb begging for help.
People can use this information to force a lender to reduce the principal amount, interest rate, the payment, or to complete a short sale.
