Texas Foreclosure Process

The Texas foreclosure process works in just a few steps. If you have lost your job and fear you might lose your property then there are a few things you need to know about how the process works so you can prepare yourself and your family. The entire process may take up to 1 year but can complete within 5 months.

The lender must file papers through the courts when you begin the Texas foreclosure process. The first filing is called the notice of default which starts the process of the foreclosure and is usually done when the loaner misses the 2nd or 3rd payment. Some lenders have so many foreclosures on their record that they are starting the process as soon as the first payment is missed. When you receive this paperwork in the mail you should also expect to see it published in the local newspaper’s public notice section announcing the default.

The lender will try and contact you several times throughout every day after you have missed a payment or two. You will receive several mailings from the lender and plenty of information about things you can do to save your property. Anyone that wants to keep their property must respond to these communication efforts or the lender will move forward with the Texas foreclosure process.

The next filing through the courts is the intent to sell. This filing will establish a date that the property will be sold at the local county in a public auction. In Texas, you can save your property from the foreclosure process right up until the date of the auction if you can come up with the total amount of money owed in back payments and the amount of money in fees and penalties that have been attached to the amount owed.

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