Secure your best interests with one of the most experienced foreclosure lawyers Fulshear, TX. Foreclosures are a painful process for all parties involved. Not only does it involve (legally) seizing property, but it also involves several swaths of legal documents to ensure everything is in order. If you are a lender searching for reparations after one of your borrowers has defaulted on their mortgage payments, you should speak with a foreclosure attorney to see what should happen next.
Foreclosure lawyers specialize in helping people going through the foreclosure procedure to get the best possible outcome. They know state and federal foreclosure laws and can represent clients in court if necessary. These lawyers can also help lenders understand their rights and find a solution that works for everyone involved.
Of course, you may think handling all of the procedures yourself is easier. If you have some experience dealing with the proceedings, you may have some confidence in yourself. However, if this is your first rally, you do not have to step into the complicated legal field alone. You should leave the heavy lifting to the experts who have an extensive amount of experience.
If you are dealing with a possible foreclosure and want some legal counsel on how to go about it, contact The Okonji Law Office today. The Managing Attorney, John Okonji, is an expert in all things concerning real estate transactions. Of course, these transactions also include foreclosures. The legal assistance you need is at your fingertips – a simple phone call away.
What Foreclosure Lawyers Fulshear, TX Can Do For You
As mentioned before, the foreclosure lawyers near you are the experts regarding their exact job titles. If you are a lender trying to foreclose a property, having a foreclosure lawyer on your side is like having an overqualified sidekick. With their knowledge and experience, you will have little trouble protecting your interests.
Besides the capabilities already mentioned, foreclosure lawyers are familiar with the various loan programs available. They can use their knowledge to develop alternative plans when one of your borrowers fails to pay their monthly mortgage and want to negotiate another option with you. For example, they may bring up the following creative solutions: loan modifications, short sales, deed-in-lieu of foreclosure, and other methods to ensure both parties are satisfied with the outcome.
Foreclosure lawyers are equipped to handle the complex foreclosure process, from filing paperwork to representing you in court (if necessary). They have an understanding of the documents that need to be filed and the procedures that must be closely followed for a successful foreclosure. With their knowledge, these lawyers can also advise you on other ways you can protect your best interests. Not to mention, they can provide advice on anything you may have missed and ensure you are aware of all of your options before you go through with the next step in the procedure.
How Having a Foreclosure Lawyer Can Affect the Process
Having a foreclosure lawyer on your side may be the difference between foreclosing on a property or not. Although you could handle the proceedings yourself, it can go much faster and smoother with a lawyer guiding you through the steps. After all, they can review all of the documents before you submit them to ensure everything is in order for the court.
The process begins when a homeowner fails to make their mortgage payments on time. You, the lender, will send a letter of default to the homeowner, informing them that they are breaching their end of the contract. This letter must state that the homeowner must pay up or vacate the property within a certain time frame. If they fail to do either, you can continue with the legal process.
- The process officially begins when you file a lawsuit against the homeowner. The court will issue a Notice of Default, which gives the homeowner a specified amount of time to respond to your lawsuit. If they fail to respond or do not appear at the court hearing, the court will enter a default judgment in favor of you.
- Next, you will publish a Notice of Sale, informing potential buyers of the property that it will be sold at a public auction. This notice is published in newspapers and on websites, giving potential buyers an opportunity to view the property and make a bid.
- As auctions go, the property will then go to the highest bidder. The original homeowner will no longer have any rights to the property, and you will receive the money from the sale of the property to pay off whatever the original homeowner owed you from their mortgage.
The foreclosure process is a long and complicated process. What was stated above is a generalized version without any of the “what-ifs” involved. The best case scenario between you and any of your borrowers is that they pay on time, so neither party has to go through this process. Of course, that is not always possible, which is why you should get the assistance of experienced foreclosure lawyers Fulshear, TX to help you get through the process as quickly as possible.
Get in Touch with an Experienced Foreclosure Lawyer
No matter what legal bind you are in, the best course of action is to find the appropriate lawyer for your case. If you need help with a foreclosure proceeding, you want the help of an accomplished foreclosure lawyer like John Okonji from The Okonji Law Office. Call him today to schedule an appointment for legal counsel.
Based in Katy, he helps clients throughout the greater Houston area. Mister John Okonji’s practice areas include all sorts of real estate transactions and conflicts, including foreclosures and landlord-tenant disputes. When you are looking for one of the most experienced foreclosure lawyers Fulshear, TX in town, get in touch with The Okonji Law Office.
Fulshear, Texas Fun Facts:
- A Methodist church was established in the city in 1894.
- That same church still stands in downtown Fulshear.
- It is now called the First United Methodist Church.
