The most common type of foreclosure in Texas is non-judicial. It allows lenders to foreclose on a property without bringing the matter before the courts. This type of foreclosure procedure is much quicker and less expensive as compared to a judicial foreclosure. Normally, in this process, a Notice of Default and Intent to Accelerate is issued by the lender to the homeowner for an opportunity to cure the default before the auctioning process takes place.
Judicial foreclosure is less common in Texas, but it still occurs. The lender needs to file an action in court against the defaulting owner to obtain an official court order of foreclosure. Generally speaking, judicial foreclosure is longer and costlier, yet it provides the owner with more legal remedies and opportunities to challenge the foreclosure in court.
Judicial foreclosure is less common in Texas, but it still occurs. The lender needs to file an action in court against the defaulting owner to obtain an official court order of foreclosure. Generally speaking, judicial foreclosure is longer and costlier, yet it provides the owner with more legal remedies and opportunities to challenge the foreclosure in court.
If the default is not cured within 20 days by the homeowner, the lender will issue a Notice of Sale. This includes the date, time, and place of the foreclosure sale, which usually takes place on the first Tuesday of every month. This type of notice needs to be posted in front of the courthouse of each county and filed with the clerk of each county involved at least 21 days before the sale.
On the scheduled date, the foreclosure sale will take place, often on the courthouse steps. The property is sold herein to the highest bidder who pays cash. Unless someone bids for it, normally the lender takes possession of the property and may sell it later. Once the sale is complete, the homeowner no longer has any rights to the property, and an eviction process may begin if they had not already moved out of the premises.
The most crucial thing when facing foreclosure in Texas is to act quickly. And that’s exactly where Hoperty comes into the picture. Although located in Florida, we also extend our fast and trustworthy services to avoid foreclosure to distressed homeowners in Texas.
Well, Hoperty knows how tough it can be to deal with foreclosure in Texas, Florida, Georgia, New Caledonia, or Azerbaijan. Our forensic solution for foreclosures in Texas, not forgetting about other regions, guarantees a fast cash solution that gets any homeowner facing foreclosure out of the situation. Whether you are facing foreclosure in Florida, Georgia, New Caledonia, or Azerbaijan, we can help you circumvent the process of foreclosure and recover to financial stability, thus saving your home. Let us guide you through this period of time with ease and confidence.