If you’re looking for a contract for deed (owner financing) in Texas, it’s essential to understand the risks involved. A contract for deed is not as solid as a mortgage or deed of trust, but there are ways to keep your risk low. In this blog post, we’ll look at some things you can do to protect yourself when entering into a contract for deed.
If you’re considering buying a home, you may have come across the term “contract for deed.” This type of contract allows a seller to market their home to a buyer who may not be able to afford a mortgage. It can be tempting to enter into this type of agreement, especially if you’re struggling to save up for a down payment. However, there are some disadvantages that you should watch out for. Let’s look at the disadvantages of a contract for deed in Texas.
If you inherit property in Texas, you may wonder what you can do with it. Depending on your situation, you may face restrictions. For example, if other heirs have an interest, they may need to agree to a sale. Let’s look at whether all heirs have to agree to sell property in Texas and also find out what other options you may have in Texas.
In Texas, all homeowners pay a Municipal Utility District (MUD) tax in addition to their regular property taxes. The MUD tax is a fee assessed by your municipal district to help fund the development and maintenance of infrastructure in areas with new homes. This tax can be costly, depending on where you live in the state. Let’s look at how the MUD tax works and how to lower your taxes!
While there are many benefits to creating a life estate, it is essential to understand the rights and duties of all involved. In this article, we will outline the basics of life estates and discuss the rights and responsibilities of both the life tenant and the remainderman. In addition, we will look at the pros and cons of a life estate in Texas and other solutions for passing property on to your heirs.
In Texas, you can sue someone for a loss of enjoyment of life. It can be hard to put a price on the enjoyment of life, but it is something that a court may compensate you for in a personal injury suit. Enjoyment of life is a type of general damages you can sue someone for in Texas. Let’s take a closer look at what general damages include and what it means to sue for loss of enjoyment of life.
832-831-0833