Legal Question in Real Estate Law in Texas
Real Estate: Texas
We recently purchased 4 acres of land with owner financing. The realtor, upon showing us the land, stated after 6 months of on-time payments the owner would also finance up to $10,000 towards a well and/or septic system. This is also reflected (not as specifically) on the website advertising these properties. We purchased the property and signed a general agreement as to various restrictions and thought we could not "apply" for the septic/well financing until the 6 months was completed. We have moved onto the property, at great financial and personal expense and made the decision to do so specifically because of the availability of this financing.
Upon receiving our Trust Deed document to sign we noticed there was no verbiage for this and asked for it to be included. At this point we were told there are no longer funds for the program and have had nothing but blocks to this verbal agreement from both the realtor and the owner. The only evidence we have is multiple parties having exercised this option before us and their website which states they will finance a well and septic system.
Do we have any recourse?
1 Answer from Attorneys
Unless you got the agreement in writing, you probably have recourse.