These are tough economic times for working families. If you are behind on your mortgage, you should consult an attorney immediately. In Texas, as little as twenty days notice of foreclosure is required. While the law does require the lender attempt to give notice of the foreclosure sale to the homeowner, there is no requirement that the homeowner actually receive the notice, as long as the lender mails it to the last address given by the homeowner. If you have received a foreclosure notice, TAKE ACTION NOW by consulting a consumer law or bankruptcy attorney.
On April 9, 2012, a new loan modification program was created as part of a settlement between 49 attorneys general and 5 major lenders. If your loan is with one of the following mortgage lenders, contact your lender for more information:
Bank of America 1-877-488-7814
Chase 1-866-372-6901
Citi 1-866-272-4749
Ally/GMAC 1-800-766-4622
Wells Fargo 1-800-288-3212
We are not accepting new loan modification cases unless it is in conjunction with a bankruptcy case. As always, many internet scam operations are out there ready to take your money and do nothing, so be cautious. Our hope is to give you educational information that will point you in the right direction. We are unable to accept loan modification cases, and cannot provide advice or assist you with a loan modification (except for our bankruptcy clients). For general information about the settlement, go to http://www.nationalmortgagesettlement.com. You may also obtain information on the Texas Attorney General’s website at www.oag.state.tx.us/consumer.
If your home is scheduled for foreclosure sale or you have received a notice of sale, and the mortgage company is cancelling or delaying the sale and considering you for a loan modification, be sure that you obtain confirmation in writing that the sale is off. If you cannot obtain written confirmation that the sale is cancelled, call an experienced bankruptcy attorney for help immediately. If your home has already foreclosed, contact the attorney general. Relief may still be available.
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