In Texas, how long can a lender pursue a deficiency judgement after foreclosure?

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1. Licensed in TX

   

   Jacob Stasny

   Dallas Litigation Lawyer

   Contributor Level 5

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   Answered February 06, 2013 16:24. The statute of limitations on a deficiency action expires two years from the date of the foreclosure sale. However, depending on what kind of loan it was that defaulted, the lender or its assignee may not be able to go after the deficiency at all. Review the terms of your deed of trust or other security instrument to determine whether the lien has conditions regarding deficiency.

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2. Licensed in TX

   

   Becky Pham Tran

   Irving Real Estate Attorney

   Contributor Level 10

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   Answered February 10, 2013 18:59. 2 years from the date of foreclosure. See Texas Property Code, Section 51.003(a).

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