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Texas Foreclosure Process Changes |
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Foreclosure sales on the courthouse steps may be a thing of the past. Effective September 1, 2007, special rules were added to the steps required for Texas foreclosures.
The new law gives the commissioner's court greater latitude in selecting a place for the foreclosure sale. Previously, the trustee or trustees were required to conduct the sale at or near the courthouse. Now, commissioners may designate another location as long as it is public, reasonably near the courthouse, and easily accessible.
New sales may not occur at the designated location until 90 days after the notice of sale is recorded. The complete six page revised special repot, "A Homeowner's Rights Under Foreclosure" is available here.
Source: Texas Real Estate Center
Christina Whipple
The Alamo Home Team
Christina@ChristinaWhipple.com
www.ChristinaWhipple.com
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