Guerra | Days Law Group

Are owner financing transactions legal in Texas? The short answer is YES. Owner financing can be a very useful tool for both buyer and sellers in any real estate transaction. However, both buyers and sellers should be cautious because such transactions need to be executed appropriately. Hiring a competent attorney who understands every detail of an owner financing transaction is very important. For sellers, you must be careful when conducting an owner financing because if done incorrectly, it could jeopardize your entire transaction and subsequently, your entire investment in the property. In Texas, there is a very good reason why sellers must be careful. Over the last 20 years, laws written to protect buyers from unscrupulous lending. In other words, if you are a seller, you will be held to same standards as that of a bank. It becomes your responsibility and duty to practice due diligence in your methods. If, however, you do not follow the guidelines required, you may find your...

Looking for a quit claim deed form ? A quit claim deed form may not be what you need. But before you decide, it is a good idea to understand the different types of deeds out there. Quit claim deeds (or a quit claim deed form) are NOT used for real estate sales. Filing out a quit claim deed form might be easy, but it will NOT guarantee title. Quick Overview You will generally come across three (3) types of main deeds when in comes to the sale of the real property. Warranty Deeds Special Warranty Deeds Quit Claim Deeds Warranty Deeds and Quit claim deeds are the most commonly used, BUT each is used for DIFFERENT reasons. A warranty deed guarantees against particular defects to the title alongside transferring title to the property. The most important part of the warranty deed is that it is proof that the one selling the property actually holds true title. Because if the seller does not possess true title, he/she cannot guarantee the new buyer anything! Not to mention you as the buyer c...