We buy houses in Keller, Texas and we are home buyers in TX who could help you if you’ve gotten a foreclosure notice of default and want to know what the heck is going on.
Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure.
The foreclosure notice of default must be sent to anyone who has an interest in the property (any other loans, lenders, or even contractors who are owed money for work done to a property will get a copy). The foreclosure notice of default must also be published in a newspaper and physically posted in a prominent place on the property itself. Although this can be really embarrassing to someone going through foreclosure, it’s actually very important protection for consumers.
Back before US Law required a Notice Of Default, people were sometimes foreclosed on without any warning.
In fact, it’s happened even in the past few years – at least one bank has accidentally foreclosed on the wrong property and kicked people out of their house without due process or warning. It’s even happened around Keller.
If you’ve received a notice of default, don’t wait. Time is definitely of the essence, and you should take action.
Here Are A Few Key Steps You Should Take In Keller TX
1) Stay Calm And Don’t Panic If You Received A Notice Of Default In Keller
This may sound obvious, but it’s probably the most important. Anyone in foreclosure is dealing with a lot of stress beyond just the property. These situations don’t happen overnight, and they take a while to solve. You’ll get through it by practicing good coping techniques and taking good care of yourself and your family. Panic leads to bad decisions, so stay cool.
2) Educate Yourself About Foreclosure In Texas
Learn everything you can about the foreclosure process in your state so that you know what’s happening and what’s coming up next.
3) Gather Your Resources In Keller Texas
There are also many non-profit and government resources available out there. You’ll want good legal and tax advice along the way. Definitely, don’t try to do it all yourself. This stuff is super complicated with lots of rules.
4) Learn Your Options In TX
We’re here to help you avoid foreclosure. We buy houses in Keller with cash. We can help you with short sales and even rent-back situations so you (potentially) may be able to keep living in your home. There are many more options than you think.
5) Communicate With Your Bank In Keller
The banks involved don’t want your property. They want money, and what you say matters a lot. You can slow down or stop the foreclosure process if you take the appropriate action. In certain circumstances, we can help you negotiate directly with the bank to reduce the amount you owe and (sometimes) even help you walk away from your property with cash.
Sell Your House In Keller TX
If you received a foreclosure notice of default, it’s important to not panic, rather educate yourself about the process, gather resources that are available out there, learn about short sales and other options, and negotiate with your bank. The notice is very important because it gives people the warning to prepare for foreclosure. Want to know more? Reach to us if you want to sell your house in Keller TX.