Facing Foreclosure in Sulphur Springs? Sell Before the Sale Date

How foreclosure works in Hopkins County

Most home loans in Texas include a "power of sale," which lets the lender foreclose without going to court. That makes Texas one of the faster foreclosure states.

Sulphur Springs is the county seat of Hopkins County, so foreclosure sales for property anywhere in the county take place at the county courthouse in Sulphur Springs, in the area the commissioners court has chosen for sales.

• Missed payments: federal rules generally keep a servicer from starting foreclosure until the loan is more than 120 days behind.
• Notice of default: for a home, the lender must give you at least 20 days to cure the default.
• Notice of sale: posted at the Hopkins County courthouse, filed with the county clerk and mailed to you at least 21 days before the sale.
• Sale day: the first Tuesday of the month, between 10 a.m. and 4 p.m.

What you can do before the sale

Until the auction happens, you can still sell. If we close before the sale date, your lender is paid off or brought current and the foreclosure is canceled.

For Sulphur Springs homeowners with equity, a cash sale protects that equity from being lost at auction. For homeowners who owe close to the value, a mortgage buyout can bring the loan current and let you move on without bringing money to closing.

Where to find your Hopkins County sale date

Notices of sale are filed with the Hopkins County Clerk and posted at the courthouse. Check any certified letters from your lender or its attorney, too. If you have one, share it with us so we can work back from the date.

You may also qualify for free help from your lender or a HUD-approved housing counselor. We encourage you to call them as well. More options are always better.