Legal Question in Real Estate Law in Texas
i owner financed my home thru a property investment company with a 15 year morgage.recently they were sued for millions of dollars by some one and lost in court.i have all my mortgage papers.what should i be on the lookout for if these people are not on the level with me?
Asked on 3/28/10, 9:17 am
1 Answer from Attorneys
You need to determine how you purchased the house. If it's a traditional mortgage with a deed of trust, then you will likely be okay. If it's a contract for deed, then you may have a problem. If you are truly concerned, you may consider refinancing the property with a regular bank.
Answered on 4/03/10, 6:56 pm
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