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  • Veteran Owned Business

More Information About Foreclosure And Loan Modification

Information About Us

Our Service Area
Below is a list of a few of the areas we service in the North Texas area, Tarrant County, Parker County, Dallas County, Denton County, Johnson County, Annetta, Arlington, Azle, Bedford, Benbrook, Burleson, Colleyville, Crowley, Dallas, Dalworthington Gardens, Eastchase, Edgecliff Village, Westlake, Euless, Everman, Flower Mound, Forest Hill, Fort Worth, Grand Prairie, Grapevine, Halton City, Haslet, Hurst, Keller, Kennedale, Lake Worth, Lakeside, Mansfield, Meadowbrook, Newark, North Richland Hills, Pantego, Pelican Bay, Richland Hills, River Oaks, Saginaw, Sansom Park, Southlake, Trophy Club, Watauga, Weatherford, Westover Hills, Westworth Village, White Settlement
Our Services
We service our customers by buying houses all cash. We complete all of the title and legal work required to complete the transaction. We close on the customer's schedule. We can close in just a few days, if required by the customer.

We remodel the houses we purchase and make them available to first time home buyers utilizing FHA, VA, and Conventional loans with numerous First Time Buyer Programs.

How To Contact Us

You may contact us by telephone 7 days a week between the hours of 8:00 am and 8:00 pm central time at 817-238-0000.

You may contact us by e-mail by clicking the link here.

Or by regular mail at 777 Main Street, Fort Worth, Texas 76102


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Alan B. Cash - Real Estate Direct

Texas Foreclosure Process
Let Us Help You Stop the Foreclosure Clock

see our service areas by clicking the Service Area Button on the left


Time is not on Your Side

We are Real Estate Direct. No Middle Men.
You Will Deal Directly With the Owners of the Company

Homes may be foreclosed upon in Texas either by Non-Judicial or Judicial Foreclosure. If the loan was a purchase money loan, generally the Non-Judicial Foreclosure method is used.

NON-JUDICIAL FORECLOSURE

Non-Judicial Foreclosure is used without the need to file a lawsuit. The Deed of Trust that was executed at the time the loan was made usually has a "power of sale" clause which allows the lender to foreclose on the property if the terms of the Deed of Trust are violated. There are many conditions that could invoke a forced sale of the property; however, the most common is non payment on the loan. If the lender decides to sell the property the lender's representative conducts the sale. This representative is usually called a "trustee".

The lender must follow the requirements of the Deed of Trust, and/or State law to complete the sale. The most common procedures are outlined below:

  1. The lender must mail a Demand Letter to the borrower giving the borrower at least 20 days from the date of the postmark to make up all of the delinquent payments.
  2. If all of the payments have not been made by the deadline, the lender must mail a Notice of Trustee's Sale to the borrower postmarked at least 21 days prior to the foreclosure sale stating the time and place of the sale.
  3. The foreclosure sale will always be on the first Tuesday of the month. The house will be sold to the highest bidder.
  4. If the bid for the house at the auction is less than the loan balance, the lender may seek to collect the deficiency from the borrower after the sale.
  5. There is no redemption after the sale. The sale is final.

Lenders may obtain deficiency judgments, but they are limited to the difference between the fair market value of the property at the time of sale and the balance of the loan in default.

For a typical time line of the foreclosure process in Texas in PDF Format Click Here

For the new Freddie Mac time line of the foreclosure process in PDF Format Click Here


JUDICIAL FORECLOSURE

Judicial Foreclosure involves the filing of a lawsuit prior to the auction sale. For More Detailed Information from HUD Regarding Foreclosure in PDF Format Click Here


We Are Not Providing Legal Advice. We are attempting to provide legal information about the foreclosure law in Texas. Our company purchases houses prior to the foreclosure sale; however, we are not attempting to provide legal advice for your specific situation. If you want legal guidance regarding your specific situation we recommend that you consult a lawyer.