Legal Question in Real Estate Law in Texas

If someone sells me a property in a private sale with a Deed Without Warranties, but doesn't inform me before the purchase that it is a Deed Without Warranties (as opposed to a Warranty Deed), can I sue to get my money back? (I am finding out that the bank won't lend me money on this property. One of the reasons I bought it was so I could borrow money on it if I found myself in a position where I needed to. Getting a lawyer is not really doable, as there is no money for it. And the property is worth only $4,000 anyways.)


Asked on 3/07/12, 8:30 pm

1 Answer from Attorneys
Joseph A. McDermott, III Attorney at Law

I can't imagine a loan transaction on a $4,000.00 piece of land. A banks is sure to both use a lawyer and require title insurance, and those cost money. Any chance you got a title policy when you bought? Never a good idea to buy real estate without it.

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Answered on 3/07/12, 10:21 pm


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