[shezza]

According to the article, the HOA foreclosed for $800 (by letter only) in May 2008. They didn't realize what had happened until June 2009, and Michael didn't return home from Iraq until September 2009. That is well over a year, according to Texas Property Code, they only had 180 days from the original notification for redemption.

§ 209.011. RIGHT OF REDEMPTION AFTER FORECLOSURE.
(b) The owner of property in a residential subdivision may redeem the property from any purchaser at a sale foreclosing a property owners' association's assessment lien not later than the 180th day after the date the association mails written notice of the sale to the owner under Section 209.010.

[JouleZ]

Well, if this helps any one I learned last week, when doing a re-fi on our MORTGAGE (note that word) to lower our monthly payments, we signed stuff and I noticed the new wording DEED OF TRUST. I asked what is that and was told that “makes it easier for the bank to foreclose if you don’t pay your mortgage”.

Long story short, we cancelled the “Deed of Trust” and stuck with our old “mortgage” because I will not help any banker take my property and sell it off in 90 days.

Please, look at what you sign if you get into a re-fi or second mortgage or whatever situation.