Legal Question in Real Estate Law in Texas

Real Estate Contract

Does a promissory note alone, signed only by the purchasor, for purchase of a home constitue a legal contract sale? Is it enough?


Asked on 2/28/09, 1:37 am

2 Answers from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Re: Real Estate Contract

I would have to look at the contents of the note to answer the question.

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Answered on 2/28/09, 7:25 am

Re: Real Estate Contract

A promissory note is only an obligation to pay a certain amount to someone. It is not a contract for sale. However, it would be unusual to have only a promissory note and no contract. Typically, a deed of trust would be executed at the same time. Are you the buyer or seller? Was there title insurance?

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Answered on 3/01/09, 9:42 pm


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