Texas § 355.159 MANNER OF FORECLOSURE; MINIMUM PRICE.

Texas Statutes

§ 355.159 — MANNER OF FORECLOSURE; MINIMUM PRICE.

Texas § 355.159

Code ESEstates Code

This text of Texas § 355.159 (MANNER OF FORECLOSURE; MINIMUM PRICE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Estates Code Code Ann. § 355.159 (2026).

Text

Sec. 355.159. MANNER OF FORECLOSURE; MINIMUM PRICE.

(a)When the court grants a claim holder the right of foreclosure at a hearing under Section 355.158 , the court shall authorize the claim holder to foreclose the claim holder's mortgage, lien, or security interest:

(1)in accordance with the provisions of the document creating the mortgage, lien, or security interest; or

(2)in any other manner allowed by law.

(b)Based on the evidence presented at the hearing, the court may set a minimum price for the property to be sold by foreclosure that does not exceed the fair market value of the property. If the court sets a minimum price, the property may not be sold at the foreclosure sale for a lower price.

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Sec. 355.159. MANNER OF FORECLOSURE; MINIMUM PRICE. (a) When the court grants a claim holder the right of foreclosure at a hearing under Section 355.158 , the court shall authorize the claim holder to foreclose the claim holder's mortgage, lien, or security interest:
(1) in accordance with the provisions of the document creating the mortgage, lien, or security interest; or
(2) in any other manner allowed by law.
(b) Based on the evidence presented at the hearing, the court may set a minimum price for the property to be sold by foreclosure that does not exceed the fair market value of the property. If the court sets a minimum price, the property may not be sold at the foreclosure sale for a lower price.