Can a lender foreclose on a property with a mortgage lien?

In Texas, a lender may foreclose on a property with a mortgage lien. A lender typically forecloses on a property when the borrower fails to meet the terms of the loan agreement, such as making loan payments. In Texas, a lender can file a notice of foreclosure with the county, which starts the foreclosure process. The lender may also choose to conduct a non-judicial foreclosure, meaning the lender does not need to go through the courts. Texas law allows the lender to foreclose on a property with a lien in order to recover the money the borrower owes. A lender may initiate a foreclosure when the borrower is in default, meaning that they have failed to make the payments as agreed. The lender will then be able to sell the property at an auction in order to recoup the money owed. It is important for borrowers to understand the foreclosure process in order to protect their rights. If the lender chooses to foreclose on a property with a mortgage lien, the borrower will need to make sure they receive any payments due under the loan agreement. The borrower should also be aware of their right to seek legal counsel or dispute the foreclosure in court.

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Can a lender foreclose on a property with a mortgage lien?

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