How Long From Foreclosure To Eviction?

• By We Buy Dallas Houses
• 30 May 2022

If a homeowner in Texas misses several mortgage payments, a lender can seize their property and sell it in order to pay off the remaining debt. However, the lender has to follow a certain notice-and-wait process to provide a homeowner with enough time to get caught up with their monthly payments. In most cases, it takes about six months before a home is sold at auction. The homeowner cannot be evicted until the process of foreclosure is finished.

How Long Does It Take To Evict A Homeowner In Texas?

Once the property has been foreclosed, a previous homeowner has to vacate it. If they remain on a property after the end of a foreclosure process, they are considered an “unlawful detainer”. In this case, the new owner of the property has the right to take legal action to get previous homeowners to leave. The eviction process can be started as early as the day of the foreclosure sale. This process has the following steps:

• Notice to vacate. The previous owner received a note stating that they had to leave the property within 3 days.
• A court date is scheduled. If the previous owner has not vacated the property within three days, the date to appear in court is set. The documents with all the information are delivered at least 6 days before the trial. The requirement is to hand these documents directly to someone being servied.
• The trial. At the trial, the judge issues the ruling. After that, 5 days are provided to appeal the decision.
• Final eviction notice. If the previous owner did not vacate the property after five days of trial, they receive the final notice to leave.
• Eviction. If 24 hours have passed and the previous owner has not left, the constable will remove the occupants and their belongings.

How To Avoid Foreclosure And Eviction?

Fortunately, there are ways that allow you to avoid foreclosure and eviction. Here are some of them:

• Loan modification. Your mortgage lender may adjust the terms of the loan. A loan modification may also help you lengthen the authorization schedule and lower the interest rate.
• Short sale. It is the process of selling a property for less than the outstanding amount is. It is a convenient and quite fast way to sell your home. But it is important to know and keep in mind that a short sale has a negative impact on your credit score.
• Deed in lieu. It is when a homeowner turns their house over to a lender voluntarily in order to avoid foreclosure.
• Refinancing. Another common option is to ask a lender to refinance the rest of the debt into a new loan. However, it can be done only before foreclosure is completed, meaning the finance option is not available once foreclosure is done.
• Quick sale. One of the best ways to avoid foreclosure immediately is to sell your home to a cash buyer, who is always ready to purchase a home for cash.

Sell Your House Fast To We Buy Dallas Houses To Avoid Foreclosure And Eviction

If your goal is to sell your house fast and stop foreclosure in order to avoid eviction, We Buy Dallas Houses is ready to assist. We purchase properties regardless of age, condition, and circumstances, and we pay cash. We do not care about repairs and renovations because we buy houses as-is. Our mission is to make a stressful home sale process as easy and straightforward as possible. If you have any questions or you want to know more about our company and the process of selling, feel free to contact us or visit our website for more information.