Legal Services | Attorney | Personal Bankruptcy | Business Bankruptcy | Contact Us | Locations | Free Consultation

Austin Bankruptcy - Foreclosure & Subprime Mortgage Loans

Are you in Foreclosure due to Easy Mortgage Money or a Subprime Mortgage Loan?

Contact the Austin Bankruptcy Attorneys at The Law Offices Of R.J.Atkinson. We can answer your questions about foreclosure and subprime mortgages at a free foreclosure consultation. If your home is up for foreclosure, you might consider filing for Chapter 13 Bankruptcy to stop the foreclosure and save your home. We have helped thousands in Texas stop foreclosure and we may be able to help you.

Foreclosure and subprime mortgage loans have been in the news because of the backlash of the subprime mortgage lending practices. Bankruptcy and Foreclosure on these easy mortgage money mortgages are happening to more and more Austin homeowners. The easy money mortgages that were once so easy to get are becoming more difficult than ever before. This is especially true for those who are now facing foreclosure because of the lax lending practices. Interest only loans, variable rate loans, easy mortgages, adjustable rate mortgages, one hundred percent financing with first and second mortgages have started to take their toll on Austin homeowners. There are more and more Austin homeowners who have fallen behind on their mortgage payments due to these cheap money mortgages. Many Austin homeowners are now finding themselves facing foreclosure because of these types of mortgages and need options to save their homes.

If you are a Austin homeowner facing foreclosure or have fallen on hard times, it can sometimes be very difficult to get the help you need. At R.J.Atkinson, we are here to help. We know the strain our foreclosure clients are under and offer most clients the option of no money down on our Attorneys fees in Chapter 13 Bankruptcy cases.

Chapter 13 Bankruptcy will Stop Foreclosure on your Austin Home and allow you to repay the past due mortgage payments over 3 to 5 years.

If you are eligible to file, Bankruptcy will stop foreclosure, but Austin homeowners do have bankruptcy alternatives when facing foreclosure. You could try to refinance, but it’s fair to say that the lenders who were so eager to give easy money mortgages have now tightened their standards. These same lenders who got you into these mortgages will probably do little to get you out of foreclosure. These lenders are now asking for more detailed financial documentation, larger down payments, and better credit from potential borrowers. Imagine what they will want from you. And, if you are looking to refinance with them when you are in foreclosure, you may need a miracle. This isn’t to say that all lenders will run the other way when you’re in financial trouble. Some mortgage lenders do offer ways to keep you in your property and may work with you even if they have initiated foreclosure proceedings against you. That’s because the lenders don’t really want your home, they just want the money. If they take your home back they more often than not, lose much more money. So before you consider bankruptcy, ask your lender if they will they allow you to do a workout, a forbearance agreement, a loan modification, or move the past due payments to the end of the mortgage?

If you are behind on your mortgage and are facing foreclosure, you are not alone. Every month in Texas, hundreds of homeowners in Austin, Round Rock, Georgetown, San Marcos, and throughout Travis County, Williamson County, and Hays County face foreclosure, many are posted for foreclosure because of late payments on interest only loans, 100% financing, adjustable rate mortgages, and other easy money mortgages. Some Texas homeowners who aren’t up for foreclosure yet may be facing foreclosure in the near future. Since the Texas housing market may soon be cooling, many Texas homeowners who encounter divorce, loss of employment, medical illness, or other financial difficulty might not be able to tap into their home equity if they need to. They may instead be missing mortgage payments, credit card payments, and car payments, defaulting on their mortgage loans and heading towards foreclosure. This may happen because the interest rate on an adjustable-rate loan resets, a balloon note on a mortgage has become due, or an interest only note has converted. Since the advent of the subprime fallout, many mortgage lenders have become much more conservative, which equates to making it harder to get money when you need it.

If you are facing foreclosure in Texas, filing bankruptcy to stop foreclosure and save your home might be the best option. While Chapter 13 individual debt adjustment isn’t the only option to stop foreclosure, it can definitely stop a foreclosure instantly, and allow you to repay what you are behind over time. If you’re eligible to file, it can allow you to keep your home. When you file Chapter 13 Bankruptcy to stop a foreclosure, you essentially propose a repayment plan to reorganize payment of your past due or late mortgage payments over 3 to 5 years. Stopping foreclosure by filing Chapter 13 Bankruptcy spreads the mortgage payments you are behind on, which are also called “mortgage arrears” out in a Chapter 13 repayment plan allowing the homeowner to save their home from foreclosure while protecting their home’s equity.

If you live in Austin, Texas or the communities of Georgetown, Round Rock, Buda, Pflugerville, San Marcos and Bastrop, or anywhere in the Austin area, and are facing foreclosure of your home, time is of the essence. When you are facing foreclosure or the possibility of losing your home, it is extremely important that you speak with an Austin Bankruptcy Lawyer as soon as possible to see you options to stop foreclosure. Austin homeowners trying to save their homes from foreclosure must act quickly in order to stop the foreclosure. After the foreclosure sale takes place, it’s too late to save your home.

The Austin Bankruptcy Attorneys at The Law Offices of R.J.Atkinson can help you to explore your options to stop foreclosure and answer questions about bankruptcy and your home. If Chapter 13 Bankruptcy is right for you then you will have to file for bankruptcy before the foreclosure sale to save your home.

Don’t lose your home. If you are facing foreclosure contact the Austin Bankruptcy Lawyers at The Law Offices of R.J.Atkinson.

Do you Have Questions about Bankruptcy, Easy Money Mortgages, and Subprime Lending?

Contact Austin Bankruptcy Attorney R.J.Atkinson at 512-617-2899

Please read: Certification | Disclaimer | TexasLegalWeb | State Bar of Texas | Resource LinksLast Updated June 17, 2021
RJABANKRUPTCY © 2004 - 2021 RJ Atkinson, LLP Attorney At Law – All Rights Reserved
Austin Bankruptcy Lawyer offer Affordable Bankruptcy & Debt Relief Services. Austin Bankruptcy Attorney provide Low Cost Bankruptcy & Discount Rates on Bankruptcy Attorney Fees serving Austin, Round Rock, Georgetown, Kyle, Buda, San Marcos, & the Austin area.
Bankruptcy Lawyer / Attorney RJ Atkinson provides Chapter 7, 11, 12, 13, Affordable Bankruptcy Fees & Discount Legal Services in Austin
Filing Bankruptcy can sometimes be the fastest way to get out of debt and may be the most affordable way to get a fresh financial start. Chapter 7 Bankruptcy can quickly wipe out your debts, increase your credit score, stop wage garnishments, get rid of credit card debt, eliminate medical bills, stop payday loans, stop bill collectors, erase negative credit reporting, and reestablish new credit after bankruptcy. RJ Atkinson — Austin Bankruptcy Lawyer have payment plans to make filing Chapter 7 or Chapter 13 Bankruptcy affordable which include low cost flat fees for Chapter 7 that may be considered the cheapest bankruptcy attorney fees compared to fees other bankruptcy lawyer charge. Chapter 13 Bankruptcy can save your home from foreclosure, save your car from repossession, lower monthly payments, reduce interest rates, get rid of late fees, reduce credit card interest, payoff high credit card debt, raise your credit score, stop creditor harassment, get rid of debt, reduce debt, eliminate creditor calls at work, stop collection calls, start over financially, discharge debts and/or be debt free in 3 to 5 years. IRS tax problems, tax levies, wage garnishments, back taxes, payroll taxes, income taxes can often be handled in Chapter 13 bankruptcy. Divorce/Bankruptcy – past due child support arrears, alimony, spousal support, and divorce debt can often be handled in chapter 13 bankruptcy. The Law Offices of RJ Atkinson handles debt consolidation, loan modifications, credit card debt settlement, debt negotiation, lawsuit defense, IRS problems, credit card lawsuits, TROs temporary restraining orders to foreclosure, forbearance agreements to foreclosure, FDCPA Fair Debt Collection Practices Act lawsuits, FCRA Fair Credit Reporting Act lawsuits, credit report disputes, debt collection lawsuits, adversary complaints in bankruptcy, bankruptcies, foreclosure workouts, mortgage short sales, real estate property tax disputes, civil litigation, commercial litigation, tax lawsuits, small business bankruptcy, corporate bankruptcy, business creditor representation, and most every kind of debt related issue or financially based legal problem on a case by case basis.

Austin Bankruptcy Attorney at RJ Atkinson handle Personal Bankruptcy and Business Bankruptcy cases in and around Austin TX Travis County, as well as the Counties of Williamson, Bastrop, and Hays. If you live in Austin and would like to file for Bankruptcy, the Austin Bankruptcy Lawyer at RJ Atkinson represent people and businesses in Bankruptcy proceedings throughout the Austin area. We accept bankruptcy cases in Austin Texas, Georgetown Texas, Round Rock Texas, San Marcos Texas, or in the Cities of Barton Creek, Bartlett, Bastrop, Bear Creek, Bee Cave, Blanco, Briarcliff, Buda, Cedar Park, Creedmoor, Coupland, Dripping Springs, Elgin, Florence, Garfield, Georgetown, Granger, Hutto, Hudson Bend, Jollyville, Jonestown, Jarrell, Johnson City, Kyle, Lago Vista, Lakeway, Leander, Liberty Hill, Lost Creek, Luling, Manchaca, Manor, Mountain City, Norman’s Crossing, Onion Creek, Pflugerville, Point Venture, Rollingwood, San Leanna, Shady hollow, Smithville, Sunset Valley, Taylor, Thorndale, Thrall, The Hills, Volente, Waterloo, Weir, Webberville, Wells Branch, West Lake Hills, Wimberley, Windmere, Woodcreek, or most anywhere in the Austin area.
Pursuant to 11 U.S.C. §528, “We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”
RJ Atkinson LLP Austin Bankruptcy Attorney Lawyer 701 Brazos Street, Suite 500, Austin, Texas 78701. Bankruptcy Phone: 512-617-2899