Legal Question in Real Estate Law in Texas

It depends on the kind of foreclosure. In typical foreclosures, the first step is a notice of default, in which you get a window to cure the default. After that, there is a notice of acceleration, in which the mortgage company informs you that the entire balance of the note is now due in full. Finally, there's the notice of foreclosure, in which the bank's attorney tells you that the property is going to foreclosure. This is also known as the 21 day letter. Non-judicial foreclosures take place on the first Tuesday of the month.

Other types of foreclosures require more court supervision, and have their own schedules. These are typically situations where a borrower died, or the loan didn't allow for a non-judicial foreclosure.