{"data":{"id":"us-tx/tex.-estates-code-355.159","jurisdiction":"us-tx","citation":"Tex. Estates Code § 355.159","heading":"MANNER OF FORECLOSURE; MINIMUM PRICE.","body":"(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:\n(1) in accordance with the provisions of the document creating the mortgage, lien, or security interest; or\n(2) in any other manner allowed by law.\n(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.\nAdded by Acts 2009, 81st Leg., R.S., Ch. 680 (H.B. 2502), Sec. 1, eff. January 1, 2014.","path":["ESTATES CODE","TITLE 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY","SUBTITLE H. CONTINUATION OF ADMINISTRATION","CHAPTER 355. PRESENTMENT AND PAYMENT OF CLAIMS","SUBCHAPTER D. PRESENTMENT AND PAYMENT OF SECURED CLAIMS FOR MONEY"],"source_url":"https://statutes.capitol.texas.gov/Docs/ES/htm/ES.355.htm#355.159","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:08Z","sha256":"3d931fa159487985822ef1da4f0b2933775139a2e96bfa8d7de9c91a5ca8de74","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-estates-code-355.158","next":"us-tx/tex.-estates-code-355.160"},"notice":"GroundRules: Original legal text. Not legal advice."}