In a nonjudicial foreclosure, Texas law gives homeowners the right to reinstate their loan in order to avoid a foreclosure sale. Notice of Default (Demand Letter).Learn about foreclosure laws and each step in a Texas foreclosure, from missing your first payment to a foreclosure sale. This notice provides information about the debt, the legal description of the property, and sets a three-hour period during which the sale will be conducted. Most foreclosures in Texas are nonjudicial, which means lenders may proceed with foreclosure without first obtaining a court order. Code § 51.002(b) (2024).) Foreclosures of Home Equity Loans in Texas Are Different. Most foreclosures in Texas are nonjudicial. Deed of Trust – Mortgage instrument that creates a lien on the collateral and allows the trustee to sell it to satisfy the loan debt in the event of a default. In Texas, notice starts on the date of mailing of the notice, not the date of receipt. Once your mortgage loan has been delinquent for 120 days, you will receive written notice in the form of a breach letter.
