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The Business of Real Estate

Keeping your home


Over the past several months, there has been a lot of information available about alternatives to foreclosure:

  — forebearance

  — loan modification

  — short sale

  — deed in lieu

All of these depend on the mortgage lender involved, and on how they make loss mitigation decisions.  The rules of foreclosure, however, are a matter of state law.  Lenders may exercise patience and attempt alternatives before triggering the foreclosure process, but this website does a good job of outlining the steps in a Texas foreclosure, and in providing good general information about some alternatives:

KeepMyTexasHome.org

If you’re struggling with mortgage payments and in risk of losing your home, don’t wait until it’s too late.  Please check out this information and contact a professional for assistance.

About Bill Morris, Realtor

Many years of business experience (high tech, client service, business organization and start-up, including 18 years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at CentralTexasHomeSearch.com.

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