Sec. 51.0025. ADMINISTRATION OF FORECLOSURE BY MORTGAGE SERVICER. A mortgage servicer may administer the foreclosure of property under Section 51.002 on behalf of a mortgagee if:
(1) the mortgage servicer and the mortgagee have entered into an agreement granting the current mortgage servicer authority to service the mortgage; and
(2) the notices required under Section 51.002(b) disclose that the mortgage servicer is representing the mortgagee under a servicing agreement with the mortgagee and the name of the mortgagee and:
(A) the address of the mortgagee; or
(B) the address of the mortgage servicer, if there is an agreement granting a mortgage servicer the authority to service the mortgage.
Added by Acts 2003, 78th Leg., ch. 554, Sec. 1, eff. Jan. 1, 2004.
Amended by:
Acts 2005, 79th Leg., Ch. 555 (H.B. 1235), Sec. 2, eff. September 1, 2005.
Structure Texas Statutes
Title 5 - Exempt Property and Liens
Chapter 51 - Provisions Generally Applicable to Liens
Section 51.001. Effect on Other Liens
Section 51.0011. Default Arising From Delinquent Ad Valorem Taxes: Installment Agreements
Section 51.002. Sale of Real Property Under Contract Lien
Section 51.0021. Notice of Change of Address Required
Section 51.0025. Administration of Foreclosure by Mortgage Servicer
Section 51.003. Deficiency Judgment
Section 51.004. Judicial Foreclosure--Deficiency
Section 51.005. Judicial or Nonjudicial Foreclosure After Judgment Against Guarantor--Deficiency
Section 51.006. Deed-of-Trust Foreclosure After Deed in Lieu of Foreclosure
Section 51.007. Trustee Under Deed of Trust, Contract Lien or Security Instrument
Section 51.0074. Duties of Trustee
Section 51.0075. Authority of Trustee or Substitute Trustee
Section 51.0076. Effective Date of Appointment
Section 51.008. Certain Liens on Real Property
Section 51.009. Foreclosed Property Sold "As Is"
Section 51.015. Sale of Certain Property Owned by Member of the Military