What is the Texas foreclosure timeline?
Once a borrower defaults on their mortgage payments, the lender can initiate the foreclosure process. By law, the lender is obligated to send a written notice to the borrower. The notice grants the borrower 20 days to "cure," or pay the delinquent amount in full to bring the account to good standing.
Following the 20-day “grace period,” the lender must wait a minimum of 21 days prior to scheduling a foreclosure sale. During this time, the lender is required to file the notice with the county clerk, post the notice of foreclosure at the courthouse and notify the borrower of the date and time of the foreclosure sale.
All foreclosure sales are held on the first Tuesday of the month (including holidays).
Upon the conclusion of the foreclosure sale, the lender or the new property owner has the option to file an eviction notice if the former owner is still occupying the property. The notices are served by county constable's offices, and include a court date. After the court hearing the former property owner has five days to vacate the property or appeal the judge's ruling. After five days, the former owner will have a minimum of 24 hours to vacate the property.
Following the 20-day “grace period,” the lender must wait a minimum of 21 days prior to scheduling a foreclosure sale. During this time, the lender is required to file the notice with the county clerk, post the notice of foreclosure at the courthouse and notify the borrower of the date and time of the foreclosure sale.
All foreclosure sales are held on the first Tuesday of the month (including holidays).
Upon the conclusion of the foreclosure sale, the lender or the new property owner has the option to file an eviction notice if the former owner is still occupying the property. The notices are served by county constable's offices, and include a court date. After the court hearing the former property owner has five days to vacate the property or appeal the judge's ruling. After five days, the former owner will have a minimum of 24 hours to vacate the property.
