The Facts About The Texas Foreclosure Law

As the state which led the nation in residential foreclosures in 2006, lenders in the State of Texas have foreclosed on and reacquired over 27,000 single family homes annually since 2005. All foreclosures in the state must adhere to Texas foreclosure law to be deemed valid by the courts and the rules outlining the procedures for foreclosure comes from three sources; the promissory note, the mortgage agreement, and Texas foreclosure law. The rules detailed in all three sources must be

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