Legal Question in Real Estate Law in Texas
do you have to foreclose on an owner finance property or can you just file eviciton
Asked on 3/30/12, 12:22 pm
1 Answer from Attorneys
If you executed a deed of trust, then you likely do not have a legal right to evict. Your remedy is to follow the default provisions of the note and deed of trust. This usually involves a notice letter sent to the borrower, an acceleration of the note, then a notice of foreclosure and finally a foreclosure.
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Answered on 3/30/12, 8:00 pm