: Your real estate agent submits an offer to the homeowner, though the lien-holder (bank) has the final say.
During this stage, the homeowner is in default but still owns the property. You can sometimes negotiate a deal directly with them before the auction. process of buying a foreclosed home in texas
Most foreclosures in Texas are non-judicial, meaning they happen quickly without a court order. The pros and cons of buying a foreclosed home : Your real estate agent submits an offer