Relating to the nonjudicial foreclosure sale of certain residential real property.

SB 2833 requires lenders and mortgage servicers to notify homeowners facing foreclosure about designating third parties (like family members, HUD-approved housing counselors, or attorneys) to receive foreclosure notices. It mandates that servicers provide written notice 30 days before sending a default notice, allowing borrowers to designate these third parties to receive all foreclosure-related communications. The bill also allows homeowners to postpone a foreclosure sale by submitting a listing agreement with a licensed real estate agent 5 business days before the sale date, delaying the sale by at least 45 days. This applies specifically to residential properties used as a primary residence in nonjudicial foreclosure proceedings under Texas Property Code.