Texas SB2833 amends nonjudicial foreclosure sale procedures for residential real property.

Texas SB2833 amends the Texas Property Code to introduce new procedures for nonjudicial foreclosure sales of residential real property. The bill mandates that lenders notify borrowers, at the time of signing the security instrument, about the option for designated third parties to receive copies of notices of default or sale. These third parties can include family members, housing counseling agencies, and attorneys.

Texas SB2833 amends nonjudicial foreclosure sale procedures for residential real property.

Texas SB2833 amends the Texas Property Code to introduce new procedures for nonjudicial foreclosure sales of residential real property. The bill mandates that lenders notify borrowers, at the time of signing the security instrument, about the option for designated third parties to receive copies of notices of default or sale. These third parties can include family members, housing counseling agencies, and attorneys.