Legal Question in Real Estate Law in Texas

I have an agreement that states I will be paid by the current owner, half of the profit from the sale of his home since I gave him money for a down payment to purchase it. I only have this agreement in writing signed and notarized by both of us. My name doesn't appear on a deed or mortgage. If this person dies before the house is sold and he wills it to a family member, would I be able to collect when it is transferred, after the family member sells it or not be able to collect at all?

Thanks,

John


Asked on 6/22/11, 6:59 pm

1 Answer from Attorneys
Ken Gober (Austin TX) Lee, Gober & Reyna

John,

There are things you can do to protect your interest in the property. I handle real estate transactions for clients across Texas. Call me for a free consultation 512-827-7548.

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Answered on 6/23/11, 9:23 am


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