San Angelo Texas Order of Sale is a legal process used to facilitate the sale of a property in San Angelo, Texas. This process occurs when a homeowner fails to pay their mortgage or property taxes, leading to a foreclosure. The Order of Sale is a crucial step in the foreclosure process, providing the legal authority for the property to be sold at a public auction or through other means. Keywords: San Angelo, Texas, Order of Sale, legal process, property, homeowner, mortgage, property taxes, foreclosure, public auction. There are two types of San Angelo Texas Order of Sale: judicial order of sale and non-judicial order of sale. 1. Judicial Order of Sale: In this type of order, the lender files a lawsuit against the homeowner in order to initiate the foreclosure process. The court then issues an Order of Sale, allowing the property to be sold at a public auction. This type of order requires a certain timeframe for the homeowner to respond or redeem their property before the sale is conducted. 2. Non-judicial Order of Sale: This type of order is initiated when a power of sale clause is included in the mortgage or deed of trust. The power of sale clause gives the lender the authority to sell the property in case of default without going through the court system. The lender notifies the homeowner and other relevant parties about the intent to foreclose, and if the loan remains unpaid, an Order of Sale is issued. The property is then sold at a public auction. It's important to note that the specific process and requirements for San Angelo Texas Order of Sale may vary, and it is advisable for homeowners to seek legal assistance if they are facing foreclosure. Understanding the different types of order of sale can help homeowners navigate the process and potentially explore options to prevent foreclosure or mitigate its impact. Keywords: San Angelo, Texas, Order of Sale, judicial order of sale, non-judicial order of sale, foreclosure, public auction, power of sale clause, default, court, lawsuit, mortgage, deed of trust, homeowner, legal assistance, mitigate.
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