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Deed in Lieu of Foreclosure in Texas A deed in lieu of foreclosure is an agreement where you hand the title to the lender and the lender accepts it instead of foreclosing. It gets described as the dignified exit. Sometimes it is. Often it is the wrong choice, and the difference comes down to specifics most homeowners are never told. Start with the fact that it is negotiated, not a right. You cannot make a lender take a deed in lieu. They agree only when it is cheaper and

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 lende

What to Do With an Inherited Texas Property An inherited house in Texas usually arrives with a legal question attached, and answering it first saves months. The question is not what the house is worth. It is whether you currently have the authority to sell it. A buyer's title company will want proof that ownership passed properly. How you establish that depends on how the estate was handled. If there is a will and it goes through probate, the executor named in it general

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