Texas Foreclosure Law

Facts:

Judicial Foreclosure Available:     Yes

Non-Judicial Foreclosure Available:       Yes

Primary Security Instruments:      Deed of Trust or Mortgage

Timeline:       Approximately 60 days

Right of Redemption:      No

Deficiency Judgments Allowed:      Yes

Quick Summary:

In Texas, lenders may foreclose on deeds of trust or mortgages in default using either a judicial or non-judicial foreclosure process.

The foreclosure timeline in Texas is typically 60 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.

Texas borrowers do not have the right of redemption, however, deficiency judgments are allowed. 

For more information on Texas Foreclsoure laws and regulations visit  http://www.ncsl.org/public/leglinks.cfm and click on your state.

Or Contact:

Texas's Attorney General's Office
Price Daniel, Sr. Building
P.O. Box 12548
Austin, TX 78711-2548
Ph: (512) 463-2100
Fax: (512) 463-2063

Disclaimer

Foreclosure Law Definitions

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