Texas Mortgage Law

PDF Brown, Fowler Alsup – The reverse mortgage was first authorized by Texas law as part of the celebrated home equity amendment to Section 50, Article XVI, of the Texas Constitution in November, 1997, but was regarded as fatally flawed in its terms by secondary market makers from the outset.

Texas Department of Savings and Mortgage Lending (SML. – 3 Hour TX-SML SAFE Review of Texas Mortgage Law provides a review of the Texas S.A.F.E. Act and other laws that impact mortgage activities in Texas. In Module 1, students will spend 1 credit hour reviewing the operations of the Texas Department of Savings and Mortgage Lending, specifically complaints and investigations, enforcement, and.

Loan and Mortgage Scams | Office of the Attorney General – Contact the Texas Department of Savings and Mortgage Lending The Bureau is charged with overseeing most banks, credit unions, lenders, and mortgage servicers. If your lender or mortgage servicer is state licensed, you can also contact the Texas Department of Savings and Mortgage Lending .

Lenders Begin Offering Reverse Mortgage For Purchase in Texas – Texas was the last state to offer the Home Equity Conversion Mortgage for Purchase due to homestead law under its state constitution. A recent vote in favor of a constitutional amendment made the loan.

Mortgage Loan Fraud in Texas – lonestarlandlaw.com – The Residential Mortgage Fraud Act (passed in Texas in 2007) changed the legal landscape at the state level. The Act amended certain sections of the Finance Code, the Government Code, and the Penal Code.

Texas Mortagage Company – A strong and genuine belief in the "customer for life" principle of doing business is what fuels texas mortgage company. Referrals from previous customers and local real estate professionals have always delivered the majority of the Texas Mortgage Company’s production.

Texas Justices Set Boundaries For Mortgage Restructurings – The court was asked to interpret Section 50 of the Texas Constitution, which limits home equity loans to less than 80 percent of the home’s value, and whether that limit applies when mortgage lenders.

Texas Foreclosure Laws and Procedures | Nolo – Deficiency Judgment Following Sale. texas state law allows the borrower to receive credit for the fair market value of the property. This means the borrower is entitled to an offset in the deficiency amount if the fair market value of the property is greater than the foreclosure sale price.

Texas Constitution and Statutes – Home – The statutes available on this website are current through the 1st Called Session of the 85th Legislature, August 2017. The Texas Constitution is current through the amendments approved by voters in November 2017.