Legal Question in Real Estate Law in Texas

What form do we file to protect ourselves when loaning our son money to purchase a home with cash.


Asked on 7/07/11, 8:40 pm

2 Answers from Attorneys
Ken Gober (Austin TX) Lee, Gober & Reyna

This is not a do-it-yourself find of venture. Consult with a lawyer about potential options.

I have handled these types of cases for a reasonable drafting fee, call me for a free consultation: 512-827-7548.

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Answered on 7/07/11, 8:43 pm

The good news:

You have several options. Some options include a deed of trust and/or a note.

The bad news:

This is not a DIY form situation. Lending and mortgage laws are very strict. Do not do this yourself.

Dave

For more information, please visit our website:

http://leonlaw.com

Also, please read our disclaimer:

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Answered on 7/07/11, 8:53 pm


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