Yes — but the earlier you act, the more options you’ll have. You may be able to reinstate your loan, request a loan modification, file bankruptcy, or sell your home before the auction date.

Texas has one of the fastest foreclosure timelines in the country. In as little as 3–6 months from your first missed payment, your house could be auctioned. Once the Notice of Sale is posted, you have just 21 days before auction.

If you take no action, the foreclosure auction will move forward. You’ll lose the home, your credit will take a big hit, and you may still owe money if the home sells for less than your loan balance.

Maybe. If the house sells for less than what you owe, the bank may try to collect the difference (called a deficiency judgment). If it sells for more, the extra may go back to you after fees.

A foreclosure can drop your score by 100–160 points and stays on your report for 7 years. Selling before foreclosure or making other arrangements can reduce the damage.

Pre-foreclosure: You’ve missed payments, but no auction date is set yet.

Foreclosure: The bank has filed a Notice of Sale and scheduled the auction.

By Texas law, the lender must:

Mail you a Notice of Sale.

Post it at the county courthouse.

File it with the county clerk.

This must be done at least 21 days before auction day

Yes — filing bankruptcy can temporarily stop an auction. But it has serious long-term credit consequences. Always talk to a licensed bankruptcy attorney before choosing this option.

Not always. Some homeowners can reinstate their loan, modify it, or refinance. But if those don’t work, selling may be the fastest way to protect your credit and walk away clean.

No. QuickDraw Home Solutions is not a law firm, credit counselor, or foreclosure consultant. We provide free educational resources and, if it makes sense for you, we can also make a no-obligation cash offer for your property. For legal advice, always consult a licensed attorney.

Yes. In Texas, you can sell your home any time before the auction takes place. Selling before auction can help you pay off the loan, protect your credit, and avoid the foreclosure showing up on your record.

If your home is sold at auction, ownership transfers to the winning bidder (often the bank). You no longer own the property, and the buyer can begin the process of removing you from the home. If the home sells for more than you owe, the surplus funds may go back to you after costs are deducted.

Yes, but the time is limited. In Texas, the new owner must file for eviction if you don’t leave voluntarily. This process usually gives you a few more weeks, but once the court issues an eviction order, you must vacate.

Sometimes. After a foreclosure reaches a certain stage, the bank may no longer accept partial payments or late payments. Instead, they may require the full reinstatement amount (all missed payments, plus fees). That’s why acting early gives you more options.

It does happen. If you believe the bank filed foreclosure by mistake (for example, you made payments that weren’t credited), you can dispute it. Contact your lender immediately and provide proof of payment. In some cases, you may need to involve an attorney to challenge the sale.