Foreclosure: n. A legal proceeding to terminate a landowner’s interest in property institute by the lender either to gain title or force a sale in order to satisfy unpaid debt secured by the property.
The process of foreclosure in Texas under most circumstances does not require a Court order, and property can be foreclosed on under some circumstances in less than a month.
The fact that we have represented both debtors and creditors in connection with foreclosure proceedings gives us the breadth of understanding and experience to handle any foreclosure.
We have represented many property owners in connection with foreclosures against their homes and land. With extensive bankruptcy experience, we are also well-qualified to shepherd clients through foreclosure when negotiation fails. Conversely, we also assist creditors who need help obtaining possession of their collateral from borrowers or others in possession.
We have provided legal services to numerous financial institutions and individual creditors with claims secured by land, so that they may efficiently and correctly obtain title to property for creditors with liens.
- Helped a company which had owner-financed the sale of a building foreclose despite numerous outstanding judgment liens, deeds of trust, and subsequent ownership conveyances.
- Helped a financial institution foreclose on four tracts of property secured by three deeds of trust subject to numerous competing title ownership claims.
- Helped a creditor foreclose on a piece of property despite the borrower filing three successive bankruptcy cases.
- Assisted a family in saving their home from foreclosure by filing bankruptcy.