What is Foreclosure?

The worst way to lose a house is through foreclosure.

If you fall behind in your mortgage payments, a foreclosure is the procedure by which the lender forces the sale of your property so it can be repaid for the debt you owe. The foreclosure process moves very quickly in Texas and can happen in as little as six months following your first missed payment.

Foreclosure Consequences

Foreclosure damages your credit for years.

We call foreclosure "the atomic bomb of credit scars" because it cuts the deepest and lasts the longest. The truth is that foreclosure is the beginning of an eight to 10-year nightmare that can involve:

Eviction by the sheriff
Job and career limitations
Embarrassing creditor battles
Deficiency judgments and lawsuits
Tax ramifications
Garnished wages
Loan qualification challenges
Loss in home equity
Typical Foreclosure Timeline

Foreclosure can happen in as little as 6 months following your first missed payment.

Foreclosure Timeline

Note: This is a representative example. The foreclosure timeline can vary on a case-by-case basis.

Know Your Options

Everyone deserves to know their options.

Helping homeowners avoid foreclosure and learn their options is what we do best. We will work with you to find the best solution based on your situation and needs.

Get in touch with us today and together, we’ll find the best approach.

Find out how we can help.

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Other Resources

Foreclosure can be confusing. We can help.

We understand that facing foreclosure can be difficult and overwhelming, especially if you are behind on payments or have a home in need of repair. Take advantage of a variety of FREE resources we've created to help you through this process.

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Client Testimonials

People are talking about Morales & Stone

Frank – Waxahachie, TX

My loan modification failed days before the auction like you said it might. I thought I would lose my house, but you guys found a way to buy it and help me get the equity out.

Frank – Waxahachie, TX
Julia – Dallas, TX

You are the first I’ve talked with that has given me honest and good advice. I am excited to be able to stay in my house and that would not have been possible without you.

Julia – Dallas, TX
Yvonne – Dallas, TX

You showed me much care in my time of need and it truly means the world. You’re both great guys and I’d recommend anyone I know to work with you. Thank you so much!

Yvonne – Dallas, TX
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