Sec. 51.0025. ADMINISTRATION OF FORECLOSURE BY MORTGAGE SERVICER. A mortgage servicer may administer the foreclosure of property under Section 51.002 on behalf of a mortgagee if:
(1) the mortgage servicer and the mortgagee have entered into an agreement granting the current mortgage servicer authority to service the mortgage; and
(2) the notices required under Section 51.002(b) disclose that the mortgage servicer is representing the mortgagee under a servicing agreement with the mortgagee and the name of the mortgagee and:
(A) the address of the mortgagee; or
(B) the address of the mortgage servicer, if there is an agreement granting a mortgage servicer the authority to service the mortgage.
Added by Acts 2003, 78th Leg., ch. 554, Sec. 1, eff. Jan. 1, 2004.
Amended by:
Acts 2005, 79th Leg., Ch. 555 (H.B. 1235), Sec. 2, eff. September 1, 2005.
Notes of Decisions
Janos Farkas v. GMAC Mortg., L.L.C., 737 F.3d 338 (5th Cir. 2013).
“See Tex. Prop.Code § 51.0025. Farkas argues that GMAC, who initiated the challenged foreclosures, was not a valid mortgage servicer because he had never been properly notified of that fact.”
Morlock, L.L.C. v. the Bank of New York, as Tr. on Behalf of the Certificate Holders of CWABS, Inc., Asset- Backed Certificates, Series 2004-13, 448 S.W.3d 514 (Tex. App. 2014).
“3d at 306 (litigation challenging putative assignee’s authority to foreclose initiated in 1997), with Tex. Prop.Code Ann. § 51.0025 (West 2007), and Act of June 20, 2003, 78th Leg.”
John Svoboda v. Bank of Am., N.A., et a, 571 F. App'x 270 (5th Cir. 2014).
· cites it 2× “In its letter notifying the Svobodas of its decision to foreclose, Bank of America identified itself as both the “Mortgage Ser-vicer” under Texas Property Code § 51.0025 and the “Mortgagee.”
Carolyn Casterline v. OneWest Bank, F.S.B., 537 F. App'x 314 (5th Cir. 2013).
“Tex. Prop.Code Ann. § 51.0025. A mortgage servicer is defined as “the last person to whom the mortgagor has been instructed by the current mortgagee to send payment for the debt secured by a security instrument.”
— Tex. Prop. Code § 51.0025(1) — 1 case
— Tex. Prop. Code § 51.0025(3) — 1 case
— Tex. Prop. Code § 51.0025(a) — 1 case
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