Foreclosure is a serious issue affecting homeowners across the state of Texas. Homeowners in Stephenville, from neighborhoods like Timber Hills to homes near the downtown square, may face foreclosure when financial hardship unexpectedly occurs. If you are facing foreclosure, you should consider retaining a Stephenville foreclosure lawyer.
A knowledgeable, experienced, and skilled attorney can provide you with guidance regarding how you can address legal issues related to foreclosure with confidence, preparation, and strength.
Attorney Lindsay Steele earned her bachelor’s degree from Texas Tech University and her law degree from Texas A&M School of Law at Texas Wesleyan University. She was the past president of the Bankruptcy Law Section of the Tarrant County Bar Association. Her practice focuses on consumer bankruptcy law, foreclosure, and guardianship cases.
Steele Law Firm PLLC has assisted many clients in Stephenville with addressing foreclosure issues. We have helped clients obtain loan modifications and forbearances as they face foreclosure. If you want to learn more about your options when facing foreclosure, contact our office today to schedule a free consultation during which we can discuss the facts of your case.
All foreclosure sales in Texas are conducted between the hours of 10 AM and 4 PM on the first Tuesday of every month. The foreclosure sales must be conducted in a location designated by the commissioners’ court of the county; this could be outside the Erath County Courthouse on the courthouse square downtown. A trustee specified in the deed of trust is often in charge of the sale; however, a substitute trustee may be appointed if a party files a notice of appointment.
If a property sells for a total value that exceeds the debt owed, then the proceeds are distributed to lienholders by seniority. Any remaining balance is disbursed to the borrower. The highest bidder at an auction will obtain all of the interest held by the borrower who defaulted on the mortgage loan. The individual purchasing the property is not entitled to any implied or express warranties. Properties that do not sell at auction revert to the lienholder.
A lender may foreclose on a property, and the sale price may be less than the total amount of debt owed by the borrower. This is known as a deficiency, and the lender may seek a deficiency judgment against the borrower within two years after the date of sale. Under Texas law, the borrower may receive credit for the fair market value of the property.
A right of redemption is available to borrowers at the conclusion of a foreclosure sale. Typically, there is no right of redemption except for an HOA foreclosure by an assessment lien or a sale for unpaid taxes.
A former homeowner may redeem the property until the 180th day after the date the association mails written notice of the sale to the lienholder and owner. A lienholder who wants to redeem the property has 90 days if the homeowner has not invoked their right of redemption.
After a foreclosure sale due to unpaid taxes, the former property owner has a two-year right of redemption if the property was a homestead or agricultural property. For real property that is not categorized as a homestead or agricultural property, the redemption period is only 180 days.
Obtaining legal representation can help you feel less stressed and anxious about any potential foreclosure proceedings. You can learn more about your legal rights and how to enforce them when you hire a foreclosure lawyer. Having an advocate on your side can help you feel more confident and secure as you deal with legal issues associated with foreclosure.
Approximately 3,689 foreclosures were filed in Texas in January of 2026. Lenders initiated foreclosure proceedings on 26,369 properties in the United States during January of 2026.
A: Two factors that can contribute to the cost of a foreclosure lawyer are the complexity of your case and how many years the attorney has practiced law. Many foreclosure lawyers charge either a retainer fee at the beginning of representation or an hourly rate for all legal work performed on the case. An effective way to determine the potential costs of legal representation is to speak to a foreclosure attorney during a consultation.
A: You can use bankruptcy, administrative procedures, and legal mechanisms to fight foreclosure in Texas. Borrowers may use temporary restraining orders, bankruptcy filings, and loan modification or forbearance to challenge a foreclosure under Texas law. You have the right to reinstate a mortgage loan by paying all past due amounts in a single lump sum.
A: A foreclosure can be dismissed in Texas, which often occurs due to loan reinstatement, lack of standing, and procedural errors. Civil claims may be dismissed without prejudice, which permits lenders to refile. Options available to borrowers for stopping foreclosure proceedings include obtaining a temporary restraining order, loan modification, and filing for bankruptcy.
A: The average time frame for a non-judicial foreclosure in Texas is usually 160 days to finalize. Most foreclosures in Texas are non-judicial. The foreclosure process cannot begin until the borrower is more than 120 days past due on their mortgage payments. The lender must also send a notice of default with a 20-day opportunity to cure and then a 21-day notice of sale.
A foreclosure attorney is a knowledgeable professional who can provide you with the resources you need to understand the legal options available to you if you are facing foreclosure. The more knowledge you possess regarding foreclosure, the more likely it is that you can resolve your financial issues and take positive steps toward a brighter financial future.
If you are searching for a foreclosure lawyer in Stephenville, contact us today to schedule a free consultation. Steele Law Firm PLLC has years of experience assisting clients with their legal needs related to foreclosure. Our team is here to help you determine the options available to you and what you can do to protect your financial security during this difficult time.
