The American Dream - ah yes, home ownership. It's likely your most valuable asset, at least after your family, kids, maybe a bass boat, your dog,... Oh, I was thinking your most prized assets. I have a sense of humor, but it's not really all that funny when you are faced with losing your home. Questions come up like where will I live? Mommy, Daddy, do we have to change schools? What about all my friends? Is everything going to be alright? Unfortunately, real estate speculation and the huge number of foreclosures in the past few years has impacted the entire housing market. Even people who never took out a sub-prime mortgage have found themselves owing more on their home than they could get if they sold it. The good news is, although it's not a funny subject, it's also not the end of the world.
The prospect of losing your home to foreclosure is extremely frightening. Fortunately, there are things you may be able to do to stop foreclosure - or at least limit the damage to your credit. I can also help you understand the tax consequences of your options.
I have been practicing as an attorney in debtor-creditor law for over 14 years. I offer honest and thorough foreclosure defense services for people throughout the greater Dallas/Ft. Worth area, Plano and Collin County. Contact my Dallas law office for a consultation about how to get started.
Hire a Lawyer Who Knows Texas Foreclosures
If you've been posted for foreclosure you've probably already received a gazillion pounds of mail from folks trying to convince you to utilize their services to save your home. Many are good folks, just like me, that have a solid solution and the law on their side, just willing to help. Others, though, are scam artists, losers, con men, or inept counselors that are either out of their league or out to just take your case and let you sink to the bottom of the foreclosure ocean. So how do you know who to trust? How do you decide who can help? When you call my firm, Adam Austin, that's me, will call you back if I don't just automatically answer your call. I'll talk to you and find a good time to meet your wife and you and discuss exactly what can be done to stop the foreclosure of your family's home. Don't fall for scams as most of us have seen on TV - "home foreclosure counselors," "debt counselors" and "foreclosure rescue plans". As well, the Internet can be a wealth of helpful information, but it can also be the devil in disguise. Unfortunately, most people facing home foreclosure or mortgage default who seek help from those sources find out that they do not help. It can be a tough pill to swallow.
Even if the programs are not actual scams or the fixes do help beyond the short-term, please don't risk your home without the power of the law behind the solution. I help people stop foreclosure and manage their debt for the long term- I'm Adam Austin and I'm a bankruptcy lawyer.
I can offer real, practical foreclosure defense solutions including:
- deeds in lieu transactions
- short sales
- consumer bankruptcy
- and other solutions
Short Sales or Deed in Lieu of Foreclosure
Because of the current housing and mortgage environment, people are looking for ways to salvage their credit history and possibly avoid a foreclosure. I have successfully helped homeowners obtain Temporary Restraining Orders, negotiate short sale terms and offer their mortgage companies the deeds of their properties back to them in a compromise to stave off a devastating foreclosure. I can talk to you about your specific situation and depending on certain factors, these opportunities can often help you!
This situation isn't good for you, and it's also not good for the bank. Foreclosing on your home may cost the bank more than $50,000 in legal fees and other costs.
With the foreclosure situation so widespread, many banks may be willing to let you sell your house for less than what you owe and forgive the rest of your debt.
Contact Me for a Consultation
I am here to help people who have been defrauded or have faced other illegal behavior by lenders, debt collectors or other companies. To schedule a consultation about consumer collection defense, contact me by e-mail or call me at (214) 340-4884.
My office hours are Monday to Friday, 8:30 a.m. to 5:30 p.m., and evening and Saturdays by appointment. My law office is conveniently located close to Mockingbird Station at Central Expressway (75) and Mockingbird Lane.
Law Offices of Adam Austin
Phone: (214) 340-4884
6060 N. Central Expressway
Dallas debt relief and bankruptcy lawyer Adam Austin serves clients in communities such as Dallas, Plano, Frisco, Irving, Richardson, McKinney, Uptown, The Mid Cities, Hurst, Bedford, Duncanville, Desoto, Oak Cliff, Wylie, Murphy, Sachse, Allen, Grand Prairie, Arlington, Ft. Worth, Highland Park, and all of Dallas County, Collin County, Denton County, Tarrant County, Norhtern District of Texas, and Eastern District of Texas.