AUSTIN, Texas (AP) - Texans who fall behind on their mortgage
payments would get more time to try to save their homes under
legislation approved by the Texas Senate.
Under current law, Texas homeowners have just 20 days to cure a
loan default before lenders foreclose on them. It is one of the
shortest foreclosure notice periods in country.
The bill approved today -- a top priority of Attorney General
Greg Abbott -- would extend that period to 45 days. The bill passed
unanimously and now moves to the state House.
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