Texas · Chapter 40 of 44
Foreclosure and Short Sales in Texas
Texas non-judicial foreclosure using deed of trust, the 21-day notice requirement, foreclosure on the first Tuesday of the month, deficiency rules, and short sales.
25-minute read · Built for the TREC Sales Agent Exam
non-judicial foreclosuredeed of trust21-day noticefirst Tuesdaytrustee's saledeficiencySection 51.002short saledeed in lieuredemption rights
Non-Judicial Foreclosure in Texas
Texas is one of the fastest foreclosure states in the country. Foreclosure is non-judicial (no court action required) when secured by a DEED OF TRUST with a power of sale clause. This is faster and less expensive than judicial foreclosure.
Texas Property Code §51.002
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