The Power of Sale Clause in Your Texas Deed of Trust
The Power of Sale Clause in Your Texas Deed of Trust If you have read that Texas is a non judicial foreclosure state and were not sure what that meant for you, this is the short version. It means the lender does not have to file a lawsuit or convince a judge before selling your house. The authority comes from your own loan documents. A Texas deed of trust contains a power of sale clause, and by signing it you granted a trustee the right to sell the property if you defaul
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Read more about The Power of Sale Clause in Your Texas Deed of TrustSelling a House in Probate in Texas
Can You Sell a Texas House Before Probate Closes Probate is the court process that confirms a will and gives someone legal authority to deal with what the deceased owned. In Texas it is generally less painful https://hectorhgtb199.huicopper.com/08-selling-a-house-in-probate-in-texas than its reputation suggests, largely because of independent administration. When a will names an independent executor, or when all beneficiaries agree to one, the executor can adminis
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Read more about Selling a House in Probate in Texas06-non-judicial-foreclosure-in-texas
Why Texas Lenders Do Not Need to Sue You If you have read that Texas is a non judicial foreclosure state and were not sure what that meant for you, this is the short version. It means the lender does not have to file a lawsuit or convince a judge before selling your house. The authority comes from your own loan documents. A Texas deed of trust contains a power of sale clause, and by signing it you granted a trustee the right to sell the property if you default. The
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Read more about 06-non-judicial-foreclosure-in-texas04-tax-foreclosure-in-texas
Property Tax Foreclosure in Texas Texas has no state income tax, and property taxes carry a correspondingly heavy load. They are also secured by a lien on the property that attaches automatically each year. Fall far enough behind and the taxing units can foreclose, and that process runs separately from anything your mortgage lender is doing. A tax foreclosure in Texas is judicial. The taxing authority sues, and a court enters judgment for the taxes, penalties, interest a
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