Texas Business and Commerce Code Chapter 22 – Public Sale of Residential Real Property Under Power of Sale
Current as of: 2023 | Check for updates
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§ 22.001 | Definitions |
§ 22.002 | Applicability |
§ 22.003 | Contracts Concerning Sale |
§ 22.004 | Information From Winning Bidder |
§ 22.005 | Receipt and Deed |
§ 22.006 | Sale Proceeds |
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Terms Used In Texas Business and Commerce Code Chapter 22 - Public Sale of Residential Real Property Under Power of Sale
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contingent beneficiary: Receiver of property or benefits if the first named beneficiary fails to receive any or all of the property or benefits in question before his (her) death.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
- Week: means seven consecutive days. See Texas Government Code 311.005