Legal Question in Real Estate Law in Texas
Deeds
Is the amount of money shown as the sales price on a deed always the true and exact amount paid for the property or could the buyer and seller have some type of ''side agreement?'' If so why would the parties do that?
Asked on 10/20/08, 10:26 pm
1 Answer from Attorneys
Joseph A. McDermott, III
Attorney at Law
Re: Deeds
No, deeds often recite "$10.00 and other good and valuable consideration" instead of a sales price. They do that because what property is sold for is none of your business.
Answered on 10/21/08, 7:45 pm
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