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Foreclosure

The foreclosure process in Texas is a fairly fast process.  If you miss a few payments the mortgage company will contact you.  If you do not get caught up they will send a demand letter.  The purpose is to inform you that you are in default and give you an opportunity to cure the default before they accelerate the mortgage.  Once they accelerate they can demand the entire balance of the loan be paid.

If you have not cured the default they will send a NOTICE OF SALE.  The notice must be sent at least 21 days before the foreclosure sale.  The notice is to include the date, time and location of the sale.

Foreclosure sales are held the first Tuesday of each month between 10:00 a.m. and 4:00 p.m. at the county courthouse at which time the property can be sold to the high bidder.

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Posted October 2016