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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Please help-Texas Posted by e. watkins on May 05, 2002 at 2:09 PM In Reply to: Re: Please help-Texas posted by Ward-CA- on May 01, 2002 at 8:26 PM : : Please help me. My husband's company was underhandedly taken from us three years ago by a company we merged with, after owning it solely for 13 years. He did not protect us from that possibility, and we have learned a hard lesson. They later forced him to resign, in two weeks he was out with no compensation, and we have had no income since. We have sold off assets up to this point, have no more, and now are behind three months in our mortgage pymt. with notices that they are going to foreclose on our home we have lived in for 10 years. As of today, May 1, we are three months behind, but the payments are not "late" until after the 15th. We have been here once before but paid all their huge fees with the sale of an asset and got back "in the black" until now. We cannot afford a lawyer and were told by one offhandedly that we have thirty days AFTER foreclosure in which to buy our property out of foreclosure. Is this correct? I'm so confused by the home page where it seems to imply that they only need two months to foreclose in TX, instead of three, and there is no "buyout" potential. We have not filed for bankruptcy, and don't want to, though that is always an option and we may be forced to do so. This mortgage company has been very unethical with us ever since we refinanced with them three years ago, if not illegal. They have held our checks several times, causing them to be late, when we sent them "certified" and have proof that they signed for them days before the pymts. were ever late. They have sent checks back to us, demanding cashier's checks, then have charged us hundreds of dollars in fees for being late, etc. Please can you help me and tell me what to do? : =•=•=•=•=•=•=•=•=•=•= : The foreclosure time period in Texas starts from the mailing the Consumer Debtor Letter (CDL) to the trustor and then progresses to the recording of the Notice of Trustee’s Sale and the posting of the Sale Date with the county clerk’s office 21 days before the actual scheduled sale date. : There’s no post-sale right of redemption in TX—the trustee’s sale at the courthouse steps is final. : You can reinstate the delinquent payments as late a few days before the scheduled sale. In TX the foreclosure sales take place on the 1st Tuesday of the month. So the next one will be on Tuesday, June 4, 2002. : Hope this helps. If you have received a letter from the trustee, if you don't do anything yur house will be auctioned this tuesday. You will not have any chance of getting it back. You can file for bankruptcy and that will cause an "automatic stay" The bank will not be able to sell it this Tuesday. That might give you time to talk to your bank and cure your loan. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Please help me. My husband's company was underhandedly taken from us three years ago by a company we merged with, after owning it solely for 13 years. He did not protect us from that possibility, and we have learned a hard lesson. They later forced him to resign, in two weeks he was out with no compensation, and we have had no income since. We have sold off assets up to this point, have no more, and now are behind three months in our mortgage pymt. with notices that they are going to foreclose on our home we have lived in for 10 years. As of today, May 1, we are three months behind, but the payments are not "late" until after the 15th. We have been here once before but paid all their huge fees with the sale of an asset and got back "in the black" until now. We cannot afford a lawyer and were told by one offhandedly that we have thirty days AFTER foreclosure in which to buy our property out of foreclosure. Is this correct? I'm so confused by the home page where it seems to imply that they only need two months to foreclose in TX, instead of three, and there is no "buyout" potential. We have not filed for bankruptcy, and don't want to, though that is always an option and we may be forced to do so. This mortgage company has been very unethical with us ever since we refinanced with them three years ago, if not illegal. They have held our checks several times, causing them to be late, when we sent them "certified" and have proof that they signed for them days before the pymts. were ever late. They have sent checks back to us, demanding cashier's checks, then have charged us hundreds of dollars in fees for being late, etc. Please can you help me and tell me what to do? : : =•=•=•=•=•=•=•=•=•=•= : : The foreclosure time period in Texas starts from the mailing the Consumer Debtor Letter (CDL) to the trustor and then progresses to the recording of the Notice of Trustee’s Sale and the posting of the Sale Date with the county clerk’s office 21 days before the actual scheduled sale date. : : There’s no post-sale right of redemption in TX—the trustee’s sale at the courthouse steps is final. : : You can reinstate the delinquent payments as late a few days before the scheduled sale. In TX the foreclosure sales take place on the 1st Tuesday of the month. So the next one will be on Tuesday, June 4, 2002. : : Hope this helps. : If you have received a letter from the trustee, if you don't do anything yur house will be auctioned this tuesday. : You will not have any chance of getting it back. You can file for bankruptcy and that will cause an "automatic stay" : The bank will not be able to sell it this Tuesday. That might give you time to talk to your bank and cure your loan. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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