Yes — in Texas you can sell your house right up until the foreclosure auction itself, and in Collin County that auction happens on the first Tuesday of the month in McKinney. The real constraint isn’t permission. It’s time, and Texas gives you less of it than almost any other state.
The Texas Timeline You’re Working Against
Texas foreclosures are non-judicial — no court hearing required. Under Texas Property Code Chapter 51, your lender must send a notice of default with at least 20 days to cure, then post a notice of sale at least 21 days before the auction. That means the legal minimum from first notice to a completed sale is about 41 days. Most lenders move slower than the minimum — but you should plan as if they won’t.
What Selling Before the Auction Accomplishes
- You keep your equity. At auction, bidding starts around what’s owed. Any equity above that is at serious risk. A pre-auction sale converts it to cash in your pocket.
- The foreclosure never completes. Your payoff at closing satisfies the lender, and the sale is recorded as a normal sale — dramatically better for your credit and future mortgage eligibility than a completed foreclosure.
- You control the exit. Move-out date, proceeds, and terms are negotiated, not dictated by a trustee.
The Practical Playbook, Week by Week
- Get your reinstatement and payoff quotes in writing from your servicer today. Every decision depends on these two numbers.
- Establish what the house is worth as-is. Check recent closed sales and your Collin CAD value as rough brackets.
- If you have equity: a fast sale protects it. A cash buyer can realistically close in 7–14 days through a Texas title company — inside even a tight auction window. A listing can work if your date is 60+ days out.
- If you owe more than it’s worth: ask your servicer about a short sale — it needs lender approval and lead time, so start immediately.
- If you want to keep the house: reinstatement, forbearance, or a loan modification may still be on the table — a HUD-approved counselor is free and can’t upsell you.
One warning: once a notice of sale is public record, you will be flooded with letters and calls. Verify anyone you talk to — here is how to check whether a cash buyer is credible, including us.
Keep Reading — Collin County Resources
- All 5 options for Collin County homeowners facing foreclosure
- Selling before the foreclosure auction in Texas
- Stop foreclosure in Collin County — your options
This article is general information for Collin County homeowners, not legal or tax advice. For decisions about your specific situation, talk to a Texas attorney, CPA, or HUD-approved counselor.
Get an Honest Answer About Your House
If your auction date is close, call or text first — we can tell you within a day whether a pre-auction closing is realistic for your dates. Call or text 469-699-4316 or request a free, no-obligation cash offer — and see exactly how we calculate every number before you decide anything.