How To Avoid Foreclosure in Fort Worth

Navigating the housing market in Fort Worth (and the Dallas surrounding areas) can be tricky.  There are many people in our community ranging from Fort Worth, to Weatherford, to Claremont, struggling to make their monthly mortgage payments.  

Are you underwater on your home?  Or do you feel like you are having trouble keeping up with your monthly mortgage payments?  If so, this could lead you to believe that your mortgage provider is going to foreclose on your home. 

First and foremost, none of the content on this website constitutes as legal advice. The information on this website is for informational purposes only and is not legal advice.  If you need legal advice, contact a licensed attorney in your state or jurisdiction. 

While staring down the barrel of foreclosure can be scary, thankfully, there are many things you may be able to do to avoid foreclosure in Fort Worth. It would be wise to be able to move as quickly as possible on some of these items because not only could you save your home, but you may also be able to save your credit score as well. 

That being stated, let’s take a quick dive into a couple of key points that could possibly avoid foreclosure in Fort Worth, Texas with your home. 

The Key Points for How To Avoid Foreclosure in Fort Worth – Don’t Give Up Hope

Unfortunately, there are many people who simply give up and walk away from their homes, condos, townhouses, or property.  There are even areas in Fort Worth (and the surrounding Dallas-Fort Worth metroplex) that have begun to resemble ghost towns as the changing economy has impacted residents significantly. 

Here in the United States, the Rust Belt (which ranges from Detroit, Michigan to Youngstown, Ohio to Erie, Pennsylvania) can serve as an example of what can happen when people abandon their houses. 

The foreclosure process can be an extremely stressful situation; however, it is important to keep a sound mind.  Going through foreclosure will have a severely negative impact on your credit score and could likely prevent you from purchasing a home for many years to come.  If you sell your house, you could leave a portion of the mortgage loan unpaid, and the lender could pursue legal action against you for the unpaid portion.  

While attempting to avoid foreclosure in Fort Worth can be extremely stressful, you may still have options: 

1.) Negotiate with your mortgage lender. Banks and other financial institutions know that people in Fort Worth are struggling. If you haven’t missed a payment yet, there is a chance that you may have some leverage to renegotiate the terms of your loan. Banks don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. You may be offered forbearance, or even a full loan modification, which could help.

2.) Ask for help from Uncle Sam. Throughout history, the federal government has implemented several programs to help struggling homeowners. One program that helped many homeowners was The Home Affordable Modification Program (HAMP) allowed struggling homeowners to modify their loans, therefore reducing monthly payments. The Home Affordable Refinance Program allowed homeowners who are current on their mortgage payments to refinance an adjustable-rate mortgage into a low-interest, fixed-rate loan. These are examples of programs the government sometimes rolls out.  Like many government programs, there may be eligibility requirements, and they may discontinue the programs at any time. 

We understand that the possibility of losing your home can be very stressful. You aren’t alone. Citizens all over Fort Worth TX are going through the same troubles. Foreclosure can have a lasting effect on your financial life, and it’s important to move quickly and take advantage of any options that might be available to you. You could save both your credit rating and stay in your home, which would be ideal if possible.

3.) The solutions-orientated team at Whirlwind Homes may be able to help you avoid foreclosure. Connect with us today and let’s discuss your situation. Our simple process looks like this: 

We don’t charge any fees. 

We will evaluate your situation. 

We will present you with options. 

This could allow you to move forward and get this foreclosure behind you in Fort Worth.

If selling your home to an experienced buyer in Fort Worth ends up being your best option, we are legitimate buyers looking for a few more properties to purchase soon in the area. We can typically close within a time frame that works best for you. This means if you need a few months to get things in order, then we can certainly accommodate what works best for you! 

We know that a foreclosure is never a winning situation.  We would love the opportunity to chat with you and see what we can do to help!

Give us a call any time at: 

(682) 200-1837

Or

Fill out the form on our website today.

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682-200-1837

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support@whirlwindhomes.com

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440 Louisana Suite 952 Houston, TX 77002