The trustee sales are conducted the first Tuesday of each month. Today August 4 is a first Tuesday.
The auction of properties foreclosed in non-judicial proceedings (Trustee Sales) is held in the Galveston County Courthouse, 722 Moody (21st Street) on the 1st floor, Galveston, 77550, between 10AM and 4PM.

This is the same location for sheriff sales.

I'm not sure what Margaret thinks is wrong about this, but a foreclosure sale wipes out all subordinate liens (clears them). Only superior liens remain attached to a property bought at foreclosure. A real estate tax lien is superior and remains attached to the property. Any second mortgages, mechanics' liens and the like are wiped out by the foreclosure.

As mentioned, the bank that is foreclosing will bid what is owed on the property. You can win if you bid more and have the "cash" in hand. You must present the trustee cashier's checks totalling your bid or more if you win, but you must do so immediately.

Once a bank gets title to the property, and many do at the foreclosure auction, they will get possession of the house (evict any occupants), secure it, sometimes do some repairs, and then offer it for sale as a foreclosed property. When HUD forecloses, we call these foreclosed houses "HUD Homes" and when banks do it, we call them REOs. Either way they can be good bargains, but you still have to do your homework when you buy a foreclosed property.

Candiemann,

No that is not true, most foreclosures are sold then, you have other auction dates.
The foreclosure sales on the first Tues. do not have clear titles and the lenders usually purchase the properties back themselves. They are still a good source of some hot properties.
Margaret

In Texas all foreclosures are governed by a uniform law. The first Tuesday of each month on the steps of the county courthouse Trustee sales occur within a 4-hour window announced at least 21 days prior by Notice of Trustee sale.

You may attend the Trustee sale and observe the activity. Normally a trustee for a particular group of banks arrives around the appointed time and announces that he has properties for sale. The venue may be literally on the steps of the county courthouse or nearby if a large number of trustees at work, such as in Dallas.

You are free to bid any price you like, but be aware that the foreclosing bank will bid what is owed on the property automatically. You cannot underbid the bank and win. The winning bid must produce a cashier's check for the amount of their bid or higher. If they can't immediately produce the check, the bidding will continue. A bidder does not have time to go down and get a check after winning, and certainly no time to go apply for a mortgage loan.

If multiple trustees are present selling properties, you'll have to find the one dealing with the property you want. Trustees are identified by name, but a substitute trustee can show in place of the one named on the Notice.