The Texas Foreclosure Law allow lenders to foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process, however non-judicial process it is by far more common.
Lenders may obtain deficiency judgments, but they are limited to the difference between the fair market value of the property at the time of sale and the balance of the loan in default. Deficiency judgments needs to be initiated as a standard court procedure
Eureka, was instrumental in helping us sell our home. As our family experienced financial hardship we were left with limited options in dealing with our home. Because of our current financial situation and future plans to support our kid’s through college we chose to sell our home. Eureka was creative and always showed to have a solution regardless of the situation. If you are lost, facing foreclosure, or have any questions regarding selling your home, call Eureka a call they will have an answer.
Heriberto Garcia
Austin, TX
