I Have A Home Equity Loan. In Texas, The 2 Parties Must Agree On A Fair Market Value. If Not, Is My Loan Null?
I have a home equity loan, which is going into forclosure. I started looking at the original loan papers and the Texas Constitution’s articles about mortgages, trust deeds, leins, ect. In the constitution, it says that both parties (lender and borrower) must agree with a fair market value of the homestead. I found the fair market statement and I was the only party to sign it. Would that make my loan null?
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