William H. Lively, Jr. | WHL, PLLC

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Your Financial Stress Can End Now

An East Texas Foreclosure Attorney Helping You Understand The Different Types Of Foreclosure

There are differences between judicial and nonjudicial foreclosures. If you are not fully informed of the laws, you can lose your home without even going to court. Attorney Bill Lively will ensure that you have the best chances of success at protecting your home.

For a free consultation, please call us in Tyler at 903-920-0008 or complete our contact form. We are the premier bankruptcy law firm serving all of East Texas.

Judicial Foreclosure

In this type of foreclosure, creditors file to get a court order to seize the property. Once the court grants the foreclosure, the mortgage holder receives the property, and it is typically auctioned off to the highest bidder or sold outright.

Nonjudicial Foreclosure

If a power of sale clause happens to exist in the mortgage, the foreclose process will instead be that of nonjudicial foreclosure. This power of sale means that the borrower has already authorized the sale of the property if they go into default on their loan.

How The Automatic Stay Helps You

An automatic stay is a powerful tool that can stop the foreclosure process right in its tracks. As long as your home has not already been sent to auction and sold, you have time to save it. An automatic stay can:

  • Stop foreclosure
  • Stop repossessions
  • Stop wage garnishments
  • Put an end to harassing collection calls
  • Keep creditors from contacting you at home or work

The minute your bankruptcy is filed, all contact from creditors must cease, and that is the law. Court mandates all foreclosure actions, wage garnishments and other collection activities to stop. By filing, you are halting foreclosure while you figure out a plan to eliminate your debt.

Protect Your Home Through Bankruptcy

Not everyone is familiar with foreclosure laws in Texas. Bankruptcy may protect your home, so it’s important to talk to a lawyer as soon as you can to see if bankruptcy could halt your foreclosure.

If you live in Tyler, Gregg County, Smith County or the surrounding areas, call William H. Lively, Jr. WHL, PLLC at 903-920-0008 or email us for a free consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.