Texas Foreclosure Law and Procedure

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.

What are Texas' foreclosure laws?

Posted by Ralphmcd3 on Fri, 01/02/2009 - 23:00

Post new comment

Foreclosure Information

Ask Salinas Bankruptcy & Tax Resolution Attorney Ralph Thompson

Website content is by Salinas bankruptcy and tax attorney Ralph Thompson. Ralph Thompson is a Consumer Bankruptcy and Tax Problem Resolution Attorney practicing in Salinas, California. Mr. Thompson works with Monterey County residents with debt and/or IRS/FTB problems. He can help you determine your best course of action: from tax payment plans to Chapter 7 or Chapter 13 bankruptcy.

Mr. Thompson's office is located at 1187 N. Main Street, Suite 115, Salinas, CA 93906. Please call 831-769-9822 to set up an appointment.

Click here to learn more about Mr. Thompson.

Mr. Thompson is licensed to practice law in California. Therefore the information contained in this site may not be accurate for persons located outside California. Further, the information contained within this site is provided for general information only and is not intended to convey legal advice for any particular situation.

Foreclosed Dreams

Texas Foreclosure Law and Procedure

Here is a summary of foreclosure laws and rules for the State of Texas:

Post new comment

Top 7 Topics

Foreclosure Information

Ask Salinas Bankruptcy & Tax Resolution Attorney Ralph Thompson

Syndicate

User login