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
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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 Foreclosure 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