My question involves real estate located in the State of: Texas.
A property was conveyed in a Deed of Trust. The grantor is in default. Once the notice of default is sent and the default is not resolved in the cure period, is the beneficiary in the deed of trust required to sell the property in a foreclosure sale or can the ownership transfer back to the beneficiary?
In this situation, the sale was financed by the beneficiary, who would like to evict the grantor and resell the property.
Thanks in advance!
A property was conveyed in a Deed of Trust. The grantor is in default. Once the notice of default is sent and the default is not resolved in the cure period, is the beneficiary in the deed of trust required to sell the property in a foreclosure sale or can the ownership transfer back to the beneficiary?
In this situation, the sale was financed by the beneficiary, who would like to evict the grantor and resell the property.
Thanks in advance!
Is a Foreclosure Sale Required After a Deed of Trust Default in Texas
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