What is the difference in between CIVIL PRACTICE AND REMEDIES CODE 16.03 (a) and (b). Does the property needs to be sold as per (b) for home equity loan? I have a home equity loan. Four year since letter of Acceleration is passed. The note is accelerated letter was sent in mid December 2009. The expedited foreclosure suit is filed in October 2013, within 4 year, but lender has not received default judgement or court order yet. By the time lender receives court order, 4 year since cause of action will be passed. The property will be sold in four years. If (b) applies here then can lender sell my property in a foreclosure?
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