Despite increases in home prices and a stabilizing housing market, many experts say the foreclosure crisis is far from over. Note: Before the foreclosure process begins, the lender or loan servicer may send you letters (over the course of several months) demanding payment. Note: If you have moved into your home after the foreclosure action was started, the lender does not need to serve you with court papers.
Even though you may have cured your default or the foreclosure action has otherwise been withdrawn, the records remain permanently available to the public for viewing. When you purchase property at a foreclosure sale, all junior liens other than property taxes are wiped out.
Properties that do not sell at a tax sale become part of the resale inventory offered by the Travis County Tax Office and are for sale at any time. The former purchaser will be held responsible for all …