82nd Texas Legislature, Regular Session, Senate Bill 767, Chapter 902 Page: 2 of 9
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S.B. No. 767
1 of the homeowner's obligation secured by the residence in
2 f oreclosure;
3 (D) obtain an extension of the period within
4 which the homeowner may reinstate the homeowner's obligation
5 secured by the residence in foreclosure;
6 (E) obtain a waiver of an acceleration clause
7 contained in a promissory note or contract secured by a deed of
8 trust or mortgage on a residence in foreclosure or contained in the
9 deed of trust or mortgage;
10 (F) assist the homeowner to obtain a loan or
11 advance of funds to prevent foreclosure;
12 (G) avoid or ameliorate the impairment of the
13 homeowner's credit resulting from the recording of a notice of
14 default or the conduct of a foreclosure sale;
15 (H) save the homeowner's residence from
16 foreclosure; or
17 (I) assist the homeowner in obtaining excess18 proceeds from a foreclosure sale of the homeowner's residence.
19 (2) "Homeowner" means a person that holds record title
20 to a residence in foreclosure at the time the foreclosure action has
21 been commenced.
22 (3) "Mortgage servicer" has the meaning assigned by
23 Section 51.0001, Property Code.
24 (4) "Residence in foreclosure" means residential real
25 property consisting of not more than four single-family dwelling
26 units, at least one of which is occupied as the property owner's
27 principal place of residence, and against which a foreclosure2
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Texas. Legislature. Senate. 82nd Texas Legislature, Regular Session, Senate Bill 767, Chapter 902, legislative document, 2011-04/2011-06; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth312204/m1/2/?q=%22Alvarado%20%22: accessed May 21, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.