Facing Foreclosure? You Have Options!

An Informational Packet for Homeowners

What is Foreclosure?

Foreclosure happens when a homeowner cannot make their mortgage payments, and the lender takes back the home. In Texas, this process can move quickly, sometimes in as little as 41 days.

Each year, thousands of families in Texas face foreclosure. While many people lose their homes, others find ways to stop the process and take control of their situation. If you are facing foreclosure, there is still hope!

What Happens if a Home is Foreclosed?

If a home goes through foreclosure:

• The homeowner will need to leave the house.

• The lender will sell the house, often at an auction.

• The homeowner’s credit score will drop, making it harder to buy another home or get a loan in the future.

• In some cases, the homeowner may still owe money to the bank.

Foreclosure is stressful, but there are solutions that may help you avoid it.

Ways to Avoid Foreclosure

If you’re struggling with payments, there are different ways to handle the situation. The key is to take action quickly!

Some homeowners work directly with their lender to explore possible solutions. Others look for opportunities to sell their home before foreclosure happens. Some seek professional guidance to understand their best options.

Shepherd Home Buying Co. has helped homeowners in difficult situations find fast and fair solutions. If you need to sell your home quickly or explore other foreclosure options, they can provide guidance and help you move forward with confidence.

Every situation is unique, and the right option depends on your specific circumstances. The most important thing is to take steps before time runs out.

What If Foreclosure Can’t Be Avoided?

Even if stopping foreclosure isn’t possible, planning ahead can make a big difference. If you’re in this situation:

• Understand the timeline – Texas foreclosures can happen fast, so it’s important to be prepared.

• Look for new housing options – Having a plan for your next home can ease the transition.

• Save important paperwork – Keeping records of all communications and documents may help in the future.

Although foreclosure is difficult, it does not mean the end of financial stability. Many people recover, rebuild their credit, and even own a home again in the future.

Final Advice

1. Act early! The sooner you take action, the more options you will have.

2. Seek expert help. You don’t have to face this alone—professionals like Shepherd Home Buying Co. can help you explore solutions and take the next steps.

3. Stay positive and make a plan. Many homeowners have overcome foreclosure and found new opportunities.

If you’re facing foreclosure, don’t wait until it’s too late. Contact Shepherd Home Buying Co. today to see what options might be available to you. Help is just a call away!