Under Texas foreclosure law, a property is sold at a trustee's sale on the first Tuesday of the month. The winning bidder pays the full purchase price. Under Texas Property Code, when does the bidder receive a trustee's deed?
Correct Answer
C) Within 30 days after the foreclosure sale, once the trustee prepares and records the deed
After the foreclosure sale, the trustee prepares and delivers the trustee's deed to the winning bidder. This typically occurs within a reasonable time after the sale. The deed is then recorded in the county real property records. Texas law does not specify an exact timeframe but standard practice is within 30 days.
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