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The Effect of COVID-19 on Real Estate Foreclosure Sales

Some time ago, Governor Abbott issued Executive Order GA-28 (the u201cOrderu201d) imposing a ten-person group limit on outdoor gatherings.<br>For more information click here - https://theholmesfirm.com/

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The Effect of COVID-19 on Real Estate Foreclosure Sales

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  1. The Effect of COVID-19 on Real Estate  Foreclosure Sales  The ten-person group limit on outdoor gatherings applies… maybe  Some time ago, Governor Abbott issued Executive Order GA-28 (the  “Order”) imposing a ten-person group limit on outdoor gatherings. On  August 1, 2020 the Attorney General’s office issued an informal legal  opinion that the ten person limitation on outdoor gatherings applies to  real estate​ foreclosure sales as most real estate foreclosure sales  take place on the courthouse steps or the steps of some other  government building (outdoors).  However, the Order permits Mayors (or County Judges, in the case of  unincorporated territories) to permit outdoor gatherings in excess of  ten people. If that is the case, then real estate foreclosure sales can  proceed so long as there is no cap on attendance or the cap on  attendance is sufficiently high that all interested persons can attend.  Check & Plan Ahead  Accordingly, if you are a creditor desiring to conduct a real estate  foreclosure sale, you need to determine if the city or unincorporated  area in which the foreclosure sale is to be conducted has elected  either to impose no cap on public gatherings or a sufficiently high cap  that all persons interested in attending may do so. Of course, no one is  quite certain who makes the determination if a cap on attendance is  high enough. 

  2. For further information, you may contact Ron Holmes at ​via email​ or  (469) 916-7700 ext. 105.  Source –  https://theholmesfirm.com/the-effect-of-covid-19-on-real-estate-forec losure-sales/  Advertisements Occasionally,

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