Don’t try this at home!!!

Plain and simple – it is dangerous to practice law without actual knowledge of what you’re doing.   Not so much dangerous from the standpoint of ”unlicensed practice of law”  but instead that a typical homeowner is not prepared to go into court and face a hostile (and possibly knowledgeable) attorney working for the bank plus deal the [...]

Holiday foreclosure moratorium is a worthless!

While Bank of America, JPMorgan Chase & Citi are suspending foreclosures for the holidays, just like Fannie Mae and Freddie Mac, this is a nothing more than a sick joke on those in Texas.
Why? Quite simply it doesn’t help you one bit.
I will make a fearless promise…ready…no one in the State of Texas will be foreclosed upon from [...]

Second wave of foreclosures looming

As reported by Stephanie Armour in USA Today, the next wave is poised to roll in, potentially undermining housing recovery efforts as more homes add to the glut of inventory and drive down prices.
These homes largely represent loans that are delinquent but have not yet resulted in foreclosure sales.
About 7 million properties are destined [...]

Texas Foreclosure Procedures

What’s involved?
When: The first Tuesday of every month.

Where: Usually at County Courthouse.
When: Auction typically starts at either 10am or 1pm
Primary Instruments: Promissory Note & Deed of Trust
Type of Foreclosure: Both Non-Judicial & Judicial

Timeline: Typically 60 days.  As fast as 21 days.

Right of Redemption: No, unless tax only foreclosure

Deficiency Judgments: [...]