Filing Bankruptcy Scary? Save Your House From Foreclosure.
January 9, 2012
Bankruptcy can be a scary word. What can be more scary is the thought of your home being foreclosed. If you want to keep your house and not be foreclosed, sometimes bankruptcy is your only option.  Which hurts more? Filing bankruptcy or losing your home?   Bankruptcy no longer has the stigma it once did but it still can make you feel failure. Bankruptcy laws were written for a reason and one such reason is  to help protect the debtor and help them be able to make a fresh start. When your house is being foreclosed, you have to make a decision. Do you want a foreclosure or bankruptcy?   Chapter 13 bankruptcy can stop the foreclosure proccess  immediately. This allows the debtor to make a payment to the court to payback the missed payments and allows them to wipe out eligible unsecured debts. If you are facing a foreclosure, consult an expert bankruptcy attorney before you decide on foreclosure. A bankruptcy attorney can look at your specific situation and give you advice on the best option for your situation
Stop Foreclosure on Your Home
December 28, 2011
What is Foreclosure?
Foreclosure is a legal procedure by which a local government takes ownership to a certain property. The most popular way for home owners is to take out a loan through a mortgage company and give the lender a security interest in the property that is to be bought. If, for what ever reason, the home owners doesn't make the payments in time, then from the security interest the home buyer gave to the lender, the home can be foreclosed and auctioned. The money received from the auction will then be used to compensate the lender or investor, In some events, the auction doesn't bring in the amount of money the home owner still owed. When this happens, the home owner could have a deficiency judgment against them.
Once Foreclosure is evident, it is necessary to make some important decisions. The first being to pick  your bankruptcy attorney. Â
Trustees Covering the Northern District of Texas
September 28, 2011
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- Walter O'Cheskey
6308 Iola Avenue
Lubbock, TX 79424
E-mail: geninfo@ch13-12westtex.org
Phone: (806)748-1980
Fax: (806) 7481956
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- Thomas D. Powers
125 E. John Carpenter Freeway
11th Floor, Suite 1100
Irving, TX 75062
E-mail: tpowers@dallasch13.com
Phone: (214)855-9200
Fax: (214)965-0758
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- Tim Truman
6851 N.E. Loop 820, Suite 300
N. Richland Hills, TX 76180
E-mail: timt@ch13ftw.com
Phone: (817) 770-8500
Fax: (817) 498-2604
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- Alice L. Whitten
6100 Western Place Drive
Suite 1050
Fort Worth, TX 76107
E-mail: whittencustomerservice@fwch13.com
Phone: (817) 916-4710
Fax: (817) 916-4770
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- Robert B. Wilson
1001 Main, Suite 400
Lubbock, TX 79401
E-mail: rbwilson@nts-online.net
Phone: (806)740-0114
Fax: (806)741-1181
- Walter O'Cheskey
October filings for D-FW Decrease
According to John Roddy, President of Foreclosure Listing Services, foreclosure have decrease from the previous years month for eight straight months. Next month, area homes posted for foreclosures will be down 17 percent from October 2010, This is the first year-over year decline in almost a decade.  Postings still remain high even though postings are below the very highest end seen in this foreclosure cycle.Â
One reason foreclosures postings are down it appears that lenders have been more concerned with accurately processing foreclosures. This requires time and man power. Roddy said,  "If lenders were to somehow speed up the process, that would most likely increase the number of postings filed."
Roddy also stated, "Although postings have dropped below 5,000 notices in each of the last six months, there simply has not been enough improvement in the economy to overcome my concerns. I am still very guarded about the foreclosure market."
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Recent Opinions by Chief Judge Barbara J. Houser
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