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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Comments:
: 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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