The usual sequence
- Missed payments. Federal servicing rules generally prevent a foreclosure filing until a loan is more than 120 days delinquent.
- Notice of default. At least 20 days to bring the loan current.
- Notice of sale. Posted at the courthouse, filed with the county clerk and mailed at least 21 days before the sale.
- Foreclosure sale. First Tuesday of the month, between 10 a.m. and 4 p.m.
What you can do
Contact your servicer, ask about loss-mitigation options and talk to a HUD-approved housing counselor. If keeping the house is not realistic, selling before the sale date can protect your equity and your credit. Read selling to avoid foreclosure.
General information, not legal, tax or financial advice. Laws and figures change; check the specifics for your situation.
Frequently asked questions
Does Texas have a redemption period after foreclosure?
For most home mortgages, no. There is a limited right of redemption after some HOA foreclosures. Ask an attorney about your situation.