If you're facing foreclosure in Erath County, you don't have to face it alone. Dream Financial Management helps Texas homeowners navigate non-judicial foreclosure, understand their 20-day cure rights, and pursue loan modification and loss mitigation options to keep their home.
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Texas is a non-judicial foreclosure state, and its timeline is among the fastest in the country. Once the Notice of Sale is posted, there is often very little time left to act. Reaching out early to explore a loan modification or loss mitigation is the best way to keep your options open.
Under Texas Property Code §51.002, you generally have at least 20 days after the notice of default to cure the arrears and stop the foreclosure.
Texas law requires the Notice of Sale to be posted at least 21 days before the auction. This is the final formal warning that a sale is scheduled.
Texas foreclosure sales are held on the first Tuesday of the month at the location designated for foreclosure sales in Erath County.
Texas foreclosures are generally non-judicial, conducted under the power-of-sale clause in the deed of trust. No lawsuit, summons, or court judgment is required. Here is how the process typically unfolds.
After you fall behind, the lender or trustee sends notice of default. Under §51.002 you generally have at least 20 days to cure.
The trustee or substitute trustee posts the Notice of Sale at least 21 days before the first-Tuesday auction date.
The auction is held on the first Tuesday of the month at the location designated for foreclosure sales in Erath County.
If the property sells, ownership transfers by trustee's deed upon sale. Post-sale remedies such as reinstatement generally are not available.
If you are facing foreclosure in Erath County — including homeowners in Stephenville and across the county — you have options. Dream Financial Management provides a free, confidential review to help you understand the Texas non-judicial process and explore loan modification, loss mitigation, and other ways to potentially keep your home.
Work toward a permanent change to your loan terms to make your mortgage payment more affordable and bring the loan current.
Explore the full range of loss mitigation options your lender may offer, including forbearance, repayment plans, and reinstatement.
Get clear, step-by-step guidance on your rights and timing under Texas Property Code §51.002 so you know exactly where you stand.
Having your documents organized makes it easier to evaluate your options. You do not need everything ready to get started — just reach out and we can guide you on what is most helpful to gather.
Your most recent mortgage statement showing your current balance and payment status.
Any Notice of Sale or Notice of Default you have received, including the scheduled sale date.
Your deed of trust, which contains the power-of-sale clause governing the non-judicial process.
Recent pay stubs, tax returns, or other proof of income to support a loan modification review.
A written explanation of your financial hardship that lenders often request with an application.
Any letters from your servicer regarding your loan, arrears, or loss mitigation options.
Texas mortgage foreclosure is generally non-judicial. It is conducted under the power-of-sale clause in the deed of trust, without a lawsuit, summons, or court judgment. A trustee or substitute trustee handles the sale.
Under Texas Property Code §51.002, you generally have at least 20 days after the notice of default to cure the arrears and stop a non-judicial foreclosure sale.
Texas law requires the Notice of Sale to be posted at least 21 days before the auction. This notice sets out the date, time, and location of the sale.
Texas foreclosure sales are held on the first Tuesday of the month at the location designated for foreclosure sales in Erath County. You should verify the exact location on your Notice of Sale.
Often, yes. Submitting a complete loss mitigation application — including a loan modification — may place your loan under review and can prevent or delay a sale while your application is being processed. Act early to preserve your options.
Texas generally does not provide a statutory right of redemption after a non-judicial mortgage foreclosure sale for most residential mortgages. This is why acting before the sale to explore loss mitigation is so important.
The Texas foreclosure timeline moves fast. A free, confidential review can help you understand your options and act before it is too late. Call now and speak with an advisor who can walk you through loan modification and loss mitigation.