Foreclosures
If you would like to find out more about purchasing foreclosure properties, please contact me
If you're interested in buying a foreclosure property, I can help you with your
purchase every step of the way, including the end financing.
What is a Foreclosure Property?
In the State of Texas whenever an individual purchases real property and finances the transaction with a mortgage loan the lender requires the borrower to execute both a Mortgage Note and a Deed of Trust to the property. This Deed of Trust is recorded in the County where the property is located when the loan is made. Hence the Deed of Trust becomes public record.
Later, if the borrower defaults on the mortgage loan, the lender notifies the Trustee and instructs the Trustee to file a Notice of Trustee Sale. The Trustee or Substitute Trustee is required to post a notice at the county court house 21 days prior to the foreclosure auction.
All Foreclosure sales become public record when the Trustee files the Notice of
Trustee Sale. |
