Legal Question in Real Estate Law in Texas

Owner finance Home in Texas

I currently own a home free and clear with no leans. I have tried to see through a real estate agent with no luck. So I have decided to owner finance the home my self. I have found a buyer that will put down a large payment for the home with me financing the rest. What documents or legal contract would I need to see that this is done properly and he will recieve ownership when the obligations are fullfilled. Thanks and any help would be appeciated. Eric


Asked on 12/31/08, 10:35 am

1 Answer from Attorneys
Eddy De Los Santos Spain Hastings Ward Carey & Chambers

Re: Owner finance Home in Texas

If this is a straight owner finance, you could use the standard TREC contract forms with a seller financing Addendum. You would also need a promissory note, deed of trust and warranty deed. If you would like our assistance in preparing the necessary contracts/documents to ensure the transaction goes smoothly, please contact us.

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Answered on 12/31/08, 11:38 am


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