${site.data.firmName}${SEMFirmNameAlt} ${site.data.firmName}${SEMFirmNameAlt}
254-633-2876 | fax 866-825-8786
Main Menu
  • Let
    Our
    Family
  • Help
    Your
    Family
  • Free No Obligation
    Bankruptcy
    Consultations

Bankruptcy Attorney
Helping People Of Waco
Find Debt Relief

Foreclosure Archives

More foreclosure scams

With the large number foreclosures here in Texas and nationwide, people are becoming desperate to save their homes. As a bankruptcy attorney, I hear stories monthly of individuals and families who paid money to companies (most of them out of state) who were foreclosure scams. Hundreds and thousands of dollars. The Federal Trade Commission discusses how to protect yourself against foreclosure scams. (See http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre42.shtm.) Here are some examples of stories I have heard in the past months from Central Texas families: --I hired a company which promised a modification as long as I paid them $700.00 a month. They drafted their $700.00 directly out of my bank account and told me not to make a mortgage payment. When I told them I received a letter that I was set for foreclosure, they told me not to worry because they were getting a modification. Two days before the foreclosure date, they told me that I would not get a modification and I would lose my home to foreclosure, so maybe I should contact an attorney about filing for bankruptcy to save my home. --I hired an attorney recommended from my mortgage company's website to help me modify my home loan. I thought this attorney who help me because my mortgage company appeared to recommend them. They charged me almost $3,000.00 up front and additional monthly payments that were drafted out of my bank account. Now my home is set for foreclosure and my modification has been denied. However, the attorney is still drafting money even though his office told me that I will not receive a modification and I will be losing my home. --I hired an out of state company to stop my foreclosure for a few thousands of dollars. I was reassured that my home was safe and not to worry about the foreclosure date. After the foreclosure date passed, I received an eviction notice in the mail. I called the company and they told me not to worry because my attorney was stopping the eviction. Then the sheriff came out and told me that my home had been foreclosed on and I had to move immediately as he put my stuff out on the street. After much heartache, I learned that the company had referred my case to an attorney who never accepted it and now my home is gone and I can't get my home or my money back. Here are the facts. No one can guarantee that they can save your home forever. No one can guarantee a modification. You need to investigate any one you hire to help you save your home even me. I had a client recently ask me to prove I was legitimate since there are so many foreclosure scams out there. I was proud of her for asking. I am an attorney licensed in the state of Texas. Anyone can look up my license at the state bar's website and use the Find a Lawyer feature (see http://www.texasbar.com/AM/Template.cfm?Section=Do_You_Need_a_Lawyer_) to see if my license is in good standing and if any sanctions have been taken against me. I assure you that I am a lawyer in good standing and I have never been sanctioned. I make it very clear to potential clients that I can never guarantee a modification. Modifications are voluntarily programs and difficult to achieve. While I have managed to help some clients obtain home modifications, I am very clear with clients that I cannot always modify a home loan. There are some clients who are not good candidates for home modifications or bankruptcy and sometimes I have to make the extremely difficult decision to advice the potential client to let the home go just like I did this past week. While I truly hate to see someone lose their home, I would rather be honest with them up front than take their home when I don't think I can help. I can use bankruptcy to stop a foreclosure sale that is set and then work with you to see what repayment plans might be available in a Chapter 13 bankruptcy if modification is not an option for you. I can try to help you modify your home loan. I received a modification paperwork for a client last week, but I do not always manage to modify home loans. I am very open with clients about what their options are and where we go from here. I work with clients to make a roadmap to try to save the home and get them back on track. And, truthfully, that is all anyone can promise you. Just to work with you and do their best to get you back on track. Please be careful if you are talking to someone who guarantees they can save your home. If you are set for foreclosure, time is of the essence. Call 254-633-2876 or email me at info@thekehllawfirm.com today for a free, no-obligation consultation. Let my family help yours!

Behind on your mortgage payments? What are your best options

Central Texas Families may fall behind on their mortgage payments for many reasons from job loss to medical bills, from retirement to paying payday lenders and credit cards instead of the house payment. But the end result is the same--if you are behind on your mortgage payments, you are at risk of losing your home to foreclosure. A recent study looked at Chapter 13 bankruptcy as a means to save homes for families at risk of foreclosure. (See http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1223262) The study focused primarily on families who filed for Chapter 13 bankruptcy to avoid foreclosure in Delaware for the majority of the last decade and compared them to families who did not file bankruptcy to avoid foreclosure. The study found a number of important points. First, it is important to act quickly if you are behind on your house payments. A Chapter 13 bankruptcy will stop a foreclosure and force a mortgage company into a repayment plan over the course of 3 to 5 years. Unfortunately, some families were unable to make their repayments plans and still loss their homes in spite of the bankruptcy. While I believe that new programs that have developed since this study ended are helping families be more likely to be successful in Chapter 13 bankruptcies, sometimes families will still lose their homes if job loss continues or they cannot afford their regular monthly house payment plus the bankruptcy payment. (See http://thekehllawfirm.com/hope-for-homeowners-who-struggling-make-their-house-payments/). However, families who were less than 12 months behind on their house payments when they filed bankruptcy were more likely to succeed in keeping their homes in a successful bankruptcy. The take home message, don't delay. If you are behind on your house payments, talk to an experienced bankruptcy attorney today about your options. The sooner you start fixing your problems the more likely you will be successful in saving your home in the long run. Second, this study also confirmed something that I strongly believe--Chapter 13 bankruptcy is not for everyone. There may be other options to save your home where you can be successful like attempting to modify your home loan as a party of a Chapter 7 bankruptcy.  Finally, one option is simply to let the home go back. I know that is not an appealing option to many of my clients, but if you are unable to afford your home, it might be the best option for your family. (See http://thekehllawfirm.com/cant-afford-your-home-foreclosure-right-for-your-family/). If you are behind on your mortgage payments, don't delay! Seek out help today from experienced staff who can work with you to make a plan. Call 254-633-2876 or email me at info@TheKehlLawFirm.com for a FREE, no-obligation consultation before you lose your home.

Foreclosure Scams: Caveat Emptor (Let the Buyer Beware)

With foreclosures back on the rise here in Waco, Texas and nationwide, people are becoming desperate to save their homes. As a bankruptcy attorney, I hear so many stories of individuals and families who paid money to companies who were foreclosure scams. Hundreds and thousands of dollars. The Federal Trade Commission discusses how to protect yourself against foreclosure scams. (See http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre42.shtm.) Here are some examples of stories I have heard in the past month from Central Texas families: --I hired a company which promised a modification as long as I paid them $700.00 a month. They drafted their $700.00 directly out of my bank account and told me not to make a mortgage payment. When I told them I received a letter that I was set for foreclosure, they told me not to worry because they were getting a modification. Two days before the foreclosure date, they told me that I would not get a modification and I would lose my home to foreclosure, so maybe I should contact an attorney about filing for bankruptcy to save my home. --I hired an attorney recommended from my mortgage company's website to help me modify my home loan. I thought this attorney who help me because my mortgage company appeared to recommend them. They charged me almost $3,000.00 up front and additional monthly payments that were drafted out of my bank account. Now my home is set for foreclosure and my modification has been denied. However, the attorney is still drafting money even though his office told me that I will not receive a modification and I will be losing my home. --I hired a company who stop my foreclosure for a few thousands of dollars. I was reassured that my home was safe and not to worry about the foreclosure date. After the foreclosure date passed, I received an eviction notice in the mail. I called the company and they told me not to worry because my attorney was stopping the eviction. Then the sheriff came out and told me that my home had been foreclosed on and I had to move immediately as he put my stuff out on the street. After much heartache, I learned that the company had referred by case to an attorney who never accepted it and now my home is gone and I can't get my home or my money back. Here are the facts. No one can guarantee that they can save your home forever. No one can guarantee a modification. You need to investigate any one you hire to help you save your home even me. I had a client recently ask me to prove I was legitimate since there are so many foreclosure scams out there. I was proud of her for asking. I am an attorney licensed in the state of Texas. Anyone can look up my license at the state bar's website and use the Find a Lawyer feature (see http://www.texasbar.com/AM/Template.cfm?Section=Do_You_Need_a_Lawyer_) to see if my license is in good standing and if any sanctions have been taken against me. I assure you that I am a lawyer in good standing and I have never been sanctioned. I make it very clear to potential clients that I can never guarantee a modification. Modifications are voluntarily programs and difficult to achieve. While I have managed to help some clients obtain home modifications, I am very clear with clients that I cannot always modify a home loan. There are some clients who are not good candidates for home modifications or bankruptcy and sometimes I have to make the extremely difficult decision to advice the potential client to let the home go just like I did this past week. While I truly hate to see someone lose their home, I would rather be honest with them up front than take their home when I don't think I can help. I can use bankruptcy to stop a foreclosure sale that is set and then work with you to see what repayment plans might be available in a Chapter 13 bankruptcy if modification is not an option for you. I can try to help you modify your home loan. I received a modification paperwork for a client last week, but I do not always manage to modify home loans. I am very open with clients about what their options are and where we go from here. I work with clients to make a roadmap to try to save the home and get them back on track. And, truthfully, that is all anyone can promise you. Just to work with you and do their best to get you back on track. Please be careful if you are talking to someone who guarantees they can save your home. If you are set for foreclosure, time is of the essence. Call 254-633-2876 or email me at info@thekehllawfirm.com today for a free, no-obligation consultation. Let my family help yours!   Photo Credit: BasicGov

National Association of Consumer Bankruptcy Attorneys The College of the State Bar Of Texas Greater Waco Chamber of Commerce Member Logo

Office Location

The Kehl Law Firm, P.C. 3715 Bellmead Dr Waco, TX 76705

254-633-2876

Fax: 866-825-8786

Waco Law Office Map

Connect With Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy