Web Analytics
AVOIDING FORECLOSURE OF YOUR DALLAS, TX HOME DUE TO CORONAVIRUS OR COV

Dallas Relocation & Dallas Real Estate Blog

Tips by Top Dallas Real Estate Agent, Broker Associate, CRS, GRI, REALTOR

Avoiding Foreclosure Of Your Dallas, TX Home Due To Coronavirus Or COVID-19 | Dallas Real Estate Age


What is a Foreclosure?

This is the legal means that your lender can use to repossess (take over) your home. When this happens, you must move out of your house. If your property is worth less than the total amount you owe on your mortgage loan, a deficiency judgment could be pursued. If that happens, you not only lose your home, you also would owe HUD an additional amount.

Both foreclosures and deficiency judgments could seriously affect your ability to qualify for credit in the future. So you should avoid foreclosure if possible.

Mortgage Relief Options Are Available To Homeowners in Dallas, Texas - Pre-Foreclosure Options For Homeowners in Dallas

But as a homeowner facing financial difficulties, you have to realize that you have a number of options available to you to avoid foreclosure. Here are a few options:

  • Sell Your Home

  • Rent Your Home

  • Reinstatement

  • Mortgage Forbearance in Texas

  • Repayment Plan in Texas

  • Refinance

  • Mortgage Modification

  • Service Members Civil Relief Act (SCRA)

  • Deed-In-Lieu Of Foreclosure in Texas

  • Short Sale

Learn more about these options here on our website.

Please contact us at 469-269-6541 if you have any questions about any of these options.

About us: Dallas Real Estate Experts

Get an Advantage

How can both buyers and sellers have an advantage in the Dallas Texas real estate market? Employ the services of a Dallas real estate agent who has vast knowledge and experience of the market.

Find Dallas Homes for Sale or Sell Your Dallas Texas Home

Make sure to subscribe to my blog so you don’t miss out on any Dallas homes. Click here to find out what your Dallas Texas home is worth and to discuss your housing needs.

The above information regarding the “AVOIDING FORECLOSURE OF YOUR DALLAS, TX HOME DUE TO CORONAVIRUS OR COVID-19" was provided by Nitin Gupta, CRS, GRI, REALTOR. Nitin has experience helping families buy and sell homes in the Dallas/Fort Worth area including Dallas Texas. If you’re thinking of selling or buying in Dallas, he would love to share his knowledge and expertise. Learn more about Dallas real estate market and Dallas County Real Estate news at

http://www.nitinguptadfw.com/blog

The communities he proudly serves include Dallas, Coppell, Irving, University Park, Dallas, Frisco, Flower Mound, Colleyville, Grapevine, Highland Park.

Recent Posts
Search By Tags