Foreclosure
Facing foreclosure in Texas? Sell your land for cash.
If you're behind on a land loan or note and a foreclosure is coming, selling first may let you pay off the debt and keep what's left. We buy land directly, as-is, and can close quickly when the numbers work.
- We pay cash
- No agent commission
- Sell it as-is
- A written offer, no obligation
- You pick the closing date
What to know
How it usually works
Most Texas land loans and owner-finance notes are secured by a deed of trust, which lets the lender foreclose without going to court. Under the Texas Property Code, the sale is a public auction at the county courthouse between 10 a.m. and 4 p.m. on the first Tuesday of the month, and notice of the sale must be given at least 21 days ahead. If the property is your residence, the lender must first send a notice of default giving you at least 20 days to catch up. Every week counts, so the earlier you act, the more options you have.
- Find your dates. Look for a notice of default or a notice of sale in your mail. The notice of sale names the date and county.
- Get the payoff amount. Ask your lender or note holder for a written payoff figure, including late fees.
- Get a written offer. If our offer covers the payoff, the title company pays the lender directly at closing and you keep the rest.
- Close before the sale date. Tell us your sale date up front so we can tell you right away whether we can close in time.
Questions
Common questions
Can you stop my foreclosure?
No. We only offer to buy your land. We don't negotiate with your lender and we can't promise to stop a sale. Talk to your lender, an attorney or a HUD-approved housing counselor about all your options.
When are foreclosure sales held in Texas?
On the first Tuesday of the month, between 10 a.m. and 4 p.m., at the county courthouse. If that Tuesday is January 1 or July 4, the sale moves to the first Wednesday.
How much notice do I get?
Notice of the sale must be given at least 21 days before the sale. If the property is your residence, you must first get a notice of default with at least 20 days to cure.
What if I owe more than the land is worth?
Tell us anyway. We'll give you a straight answer on whether a sale can cover the debt. If it can't, an attorney can explain other options.
This page is general information, not legal or tax advice. Every family and every property is different. For your situation, talk to a Texas attorney. Apex Freedom Fund buys land; we are not attorneys and we don’t represent sellers.
Other situations we buy in
- Inherited Land
- Probate
- Divorce
- Back Taxes
- Liens & Title Problems
- Out-of-State Owners
- Landlocked Land
- Heirs' Property
- Ag Exemption Land
- Minerals & Water
- Floodplain Land
- Unwanted Land
Where we buy
We buy land all over Texas, with a focus on these areas: Houston & Gulf Coast · DFW & North Texas · Austin–San Antonio · Central Texas I-35 · Lubbock & South Plains · West Texas & Permian Basin · South Texas & the Valley.