Legal Question in Real Estate Law in Texas
The people purchasing our home (Owner Finance) have sold one of the properties in our deed of trust. We clearly have a lien against that property until our note is satisfied. What can we do about this? Isnt it illegal to sell something that has a lien against it?
Asked on 5/11/10, 10:05 pm
1 Answer from Attorneys
Mark Dunn
Mark D. Dunn
They sold it subject to your lien; they sold only the interest that they had in it. Your lien still stands, and isn't affected by thesale. What they did is probably not illegal - not unless they purported to sell something that they don't own.
Answered on 5/17/10, 8:17 am