Texas Bankruptcy Blog : Texas Bankruptcy Lawyer & Attorney : Fears Nachawati law Firm : Chapter 7, Chapter 13, Consumer Bankrutpcy : Dallas, Fort Worth, Austin, Houston, San Antonio

Despite some of the reports on the Internet that foreclosures in the Fort Worth area are declining, the rates are still considerably higher than they were last year. There can be many reasons why there is a lull in foreclosures. It could mean that the mortgage companies are overwhelmed with paperwork and are forced to sit on homes that are in pending foreclosures. This of course does not mean that they will not foreclose, but rather that they will eventually get around to it.

If you are facing foreclosure and cannot negotiate a reasonable repayment plan with your mortgage lender, it may be wise to consider filing for a Chapter 13 bankruptcy. When you file for bankruptcy, you will stop the sale of your home and have the opportunity to repay the arrears. Additionally, you may even be able to exclude a second mortgage that in turn can save you thousands in mortgage payments.

If you are in danger of losing your home, filing for bankruptcy can be a very powerful solution for many homeowners as it can give you the time and resources to renegotiate your mortgage with your lender while saving your home.

For more details on how Chapter 13 can help you save your home contact bankruptcy law firm, Fears | Nachawati, toll free at 1.866.705.7584 or e-mail info@fnlawfirm.com for a free bankruptcy consultation.

Homeowners in Dallas need to be on alert of people and companies with fraudulent foreclosure schemes and scams to deprive them of their home. Some of the schemes include offers to buy your home and let you rent while in order to help you buy back your home. Other similar scams involve an offer to help you financially in exchange to be put on the home’s title. Do not fall for any of these quick fix solutions to your financial problems because you will end up losing your home. In these scenarios, the homeowner is eventually kicked out of their own home! Don’t become one of their victims!

While some of these scammers are in jail, there are plenty still around ready to take their place. The following are some simple steps you can take to protect yourself:

• Avoid contact with people who make unsolicited calls or visits to your home offering to help you.
• Do not let precious time go by, as time is not on your side in a foreclosure proceeding.
• Do not sign anything without speaking to an attorney.

If you are feeling the stress of too many bills and not enough money to pay your bills, then bankruptcy may be an option for you.  For a free bankruptcy consultation contact Fears | Nachawati Law Firm, (866) 705-7584.