TX Foreclosure Notice - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

TX Foreclosure Notice

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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