What kind of help can I get to avoid a foreclosure auction?

If you are facing a foreclosure auction in Texas, there are a few options available to you for avoiding the sale. You may be able to work out an agreement with your lender that will help you keep your home. This could include a loan modification, which might involve changing the interest rate, extending the loan term, reducing the loan balance, or suspending payments temporarily. You may also be able to obtain an interest-only loan or a deed in lieu of foreclosure, which allows you to give your mortgage lender the deed to the property, rather than going through the foreclosure process. If you need assistance navigating the foreclosure process in Texas, you can hire an attorney who specializes in foreclosure defense law to help you explore your options. These attorneys can help you determine the best way to avoid a foreclosure auction and protect your rights throughout the legal process. An attorney can also negotiate with your lender, help you understand the paperwork involved, and in some cases, represent you in court. You can also get free foreclosure counseling from a nonprofit housing counseling agency approved by the U.S. Department of Housing and Urban Development (HUD). Certified counselors can provide advice on budgeting, communication with lenders, and credit matters to help you avoid a foreclosure auction. You can find a HUD-approved counseling agency near you by visiting HUD’s website. By exploring these options, you can get the help you need to avoid a foreclosure auction in Texas.

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What kind of help can I get to avoid a foreclosure auction?

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