For the typical Texan, your family’s home is the fruit of years of labor and the realization of a lifetime of hopes and dreams. Unfortunately, criminals and predators prey on those homeowners threatened by home foreclosure with a number of con games and too-good-to-be-true financial schemes. Don’t fall for it. If you’re already struggling with mortgage debt, don’t take any further risks with your home and your future. If you’re facing an imminent foreclosure in the Dallas-Ft. Worth area, speak at once with a trusted and experienced Dallas foreclosure attorney.

To help homeowners who are threatened by foreclosure, two programs have been established by the federal government. Ask a good Dallas foreclosure attorney to help you determine if either program can help you. The Home Affordable Foreclosure Alternatives (HAFA) program assists families moving into more affordable housing. HAFA offers two options. Their short sale option allows you to sell your home for a lower amount with the lender’s consent. The Deed-in-Lieu option directly transfers your home’s title to your lender. For some families who are struggling with debt, HAFA can provide as much as $3,000 for relocation costs.

Homeowners who can no longer afford monthly mortgage payments should also take a look at the Home Affordable Modification Program (HAMP). If you do not receive unemployment compensation benefits, HAMP may be able to help you reduce your monthly mortgage payment. Filing for personal bankruptcy will stop a foreclosure, but avoiding bankruptcy is one of the goals of both the HAFA and HAMP programs. However, for some Texas homeowners, bankruptcy may actually be your most practical option. The longer you wait to take action, of course, the fewer options you’ll have. If you are anticipating an imminent home foreclosure anywhere in the Dallas-Ft. Worth area, make the call as quickly as possible and speak with an experienced Dallas foreclosure attorney today.