Overcoming Foreclosure Obstacles With BDF Law Group
Pursuing a foreclosure on a property comes with its share of complications, no matter how familiar you are with the process. Understanding the full legal complexities of the situation is necessary for your legal team.
The attorneys at BDF Law Group, have decades of experience with foreclosure matters for companies of all sizes. Clients from Addison and across the Houston area turn to the firm’s skilled team because of the its philosophy of service. You can expect an impressive level of commitment and experience from your attorney when you engage the firm’s services.
Two Common Approaches To Foreclosure
There are a couple of approaches to the foreclosure process. Here is a definition of what each are and the circumstances they’re most applicable to:
- Judicial foreclosure: This is when a lender files a lawsuit against a property owner after they’ve missed multiple mortgage payments. A lender must pursue a claim against the property owner within approximately four months of the first missed payment. Texas does not require judicial foreclosure like other states do. However, some lenders may find it beneficial in certain circumstances. The firm’s attorneys can help you determine if judicial foreclosure is the appropriate approach for you.
- Nonjudicial foreclosure: This is when lenders foreclose on a property without going to court. This approach is typically for when the owner’s mortgage includes a power of sale clause, which usually states that the lender can sell or auction off the property if the owner defaults on their mortgage.
Foreclosures can be complex and emotionally delicate. Working with the right team of real estate lawyers to help you navigate foreclosures can help facilitate a smooth and strategic process. Do you have questions about which foreclosure approach best fits your situation? Call the firm at 972-688-6895, and its team can address them.
Foreclosure Issues Can Depend On Circumstances
Beginning foreclosure procedures is consistent no matter what kind of property is in default, but each comes with unique challenges. Primarily, there are four types of property foreclosure:
- Commercial property: Commercial leasing and loan agreements add difficulty and complexity to the foreclosure procedure.
- Residential property: Individuals have many tools to combat even rightful foreclosures.
- HOA property: Homeowner associations typically have additional contractual rules around the foreclosure. An HOA can pursue foreclosure under special circumstances.
- Condominiums: As individual units in a larger property, they typically share some similarities with an HOA.
Whether you pursue judicial or non-judicial foreclosure, the team at BDF Law Group, can offer you the guidance you need to find success. The attorneys are skilled in litigation and understand both national and local laws on the process of foreclosure.
How A Texas Real Estate Lawyer Can Help With Foreclosure
Lenders like you can benefit from having seasoned legal counsel by your side. The firm’s real estate attorneys can help you in the following ways:
- Ensure you comply with state and federal foreclosure guidelines
- Review and accurately complete any documents involved in the foreclosure process
- Defend you if the borrower or property owner tries to dispute the foreclosure
- Clear up any title issues involved in the foreclosure
- Manage additional issues after the foreclosure is complete
The firm’s lawyers bring years of experience to every foreclosure case they oversee, so you can have peace of mind while navigating this sensitive and often complicated process.
Thorough. Dedicated. Experienced.
A successful foreclosure is an exercise in meticulous legal work and persistence. You deserve a legal team with a long track record for successfully completing foreclosures. The firm has offices in Texas, California, Colorado, Arizona, Nevada and Georgia. Reach out to BDF Law Group, to schedule a meeting with a dedicated foreclosure attorney at 972-688-6895 or use this online form.