Here is a summary of foreclosure laws and rules for the State of Texas:
- Lenders use either a mortgage or deed of trust.
- Lenders primarily use deed of trust and foreclose by trustee sale.
- There is no right of redemption, however the borrower has 20 days to reinstate.
- Deficiency judgments are allowed.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Texas those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.
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