Texas Foreclosures - 38,425 Foreclosure Listings

Foreclosure Homes in Texas

There are currently foreclosed homes listed in Texas. Why should you consider buying a foreclosure property in Texas? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Texas when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Texas, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Texas that you want to look for a property below. Then search through all distressed real estate listings in Texas for the amazing deal that’s right for you.

Texas Foreclosure Laws

Texas mostly uses a fast, nonjudicial foreclosure process that is handled by a trustee rather than the courts. Loans are commonly secured by deeds of trust. The process can move quickly once notices are sent, sometimes finishing in just a few months. Texas generally does not provide a post-sale redemption period for most residential properties, and deficiency balances may sometimes be pursued.

Foreclosure Type Process

Non-Judicial
Mortgage Instrument Security Type

Deed of Trust (primary). Mortgages exist but are rarely used in practice.
Typical Timeline Duration

1-2 months typical
Deficiency Judgment

Deficiency judgments permitted with fair value limitation
Redemption Period Owner Rights

No post-sale redemption for most deeds of trust.
Process Summary

Texas primarily uses nonjudicial foreclosure. The process is fast, with short notice periods and monthly courthouse auctions.
Notice / Timing Statute

Texas Prop. Code § 51.002 (notice requirements for non-judicial foreclosure)
Redemption Statute(s)

Texas Prop. Code § 51.009 (no redemption for non-judicial foreclosure)
Deficiency Statute(s)

Texas Prop. Code § 51.003, § 51.005 (deficiency limited to debt minus fair market value)

How to Buy a Foreclosure in Texas

To buy a foreclosure in Texas, monitor trustee sale notices, MLS listings, and county records. Texas' non-judicial foreclosure demands notice compliance. Arrange your financing early. Conduct thorough title and property condition due diligence. Attend the trustee sale and complete the purchase.

What type of foreclosure is used in Texas?

The type of foreclosure in Texas is Non-Judicial

Is there a redemption period in Texas?

No post-sale redemption for most deeds of trust.

Are deficiency judgments allowed in Texas?

Deficiency judgments permitted with fair value limitation in Texas

How do you buy a foreclosure in Texas?

To buy a foreclosure in Texas, monitor trustee sale notices, MLS listings, and county records.