Foreclosures Discussion Archive 14

Re: Redemption and Defficiency in Texas

Posted by Nick(Colorado) on June 28, 2005 at 18:03:19:



In Reply to: Redemption and Defficiency in Texas posted by Logo on June 28, 2005 at 13:35:31:



Logo:

No redeption period in Texas. If you want to keep the property reinstate or pay-off before auction date. I believe that simple non-judicial deficiency is allowed in Texas; FMV - loan amount. Best to sell before auction to limit deficiency liability.





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