Legal Question in Real Estate Law in Texas
Owner Finance / Gift Deed
my husband wants to owner finance 100 acres of land for a nephew - would a gift deed be appropriate for this type of transaction?
Asked on 5/07/09, 11:13 am
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: Owner Finance / Gift Deed
No. You should contact an attorney to draw documents that will protect your interests in the event nephew doesn't pay. Typically I charge $500 for a complete doc prep package so you can get an idea of cost.
Answered on 5/07/09, 6:10 pm