Ask Experts Questions for FREE Help !
Ask
    blancapaloma's Avatar
    blancapaloma Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 8, 2012, 10:08 AM
    Do you have to have a lawyer to write a contract for deed in tx
    I am wanting to buy a trailer house with land and the owner wants to write up a contract without a lawyer for owner financing that way we or he does not have to pay for the lawyer costs. I am young and new at this we are planning on using a notary to make it at least official. But my dad says that a deed for the land has to be written up by a lawyer to be binding. I'm in palo pinto county in Texas. Is this true thanks for any help
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Nov 8, 2012, 10:46 AM
    Your dad is wrong, but he is smart. I would not enter into any land contract without an attorney to, at least, review it.

    If the seller will allow you can pay for the attorney. But I am suspect of anyone who want to do a transaction like this without an attorney. You may wind up with the short end of the stick.
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
    		  
    #3

    Nov 8, 2012, 10:46 AM
    If you are smart.. you will get a lawyer to do it for you... too many landmines to deal with if its not. Meaning you can get screwed bigtime...
    blancapaloma's Avatar
    blancapaloma Posts: 2, Reputation: 1
    New Member
    		  
    #4

    Nov 8, 2012, 02:37 PM
    Quote Originally Posted by ScottGem View Post
    Your dad is wrong, but he is smart. I would not enter into any land contract without an attorney to, at least, review it.

    If the seller will allow you can pay for the attorney. But I am suspect of anyone who want to do a transaction like this without an attorney. You may wind up with the short end of the stick.
    thank you that is really helpful and I will at least get a lawyer to look it over and review it.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Contract for Deed Seller has not filled contract [ 9 Answers ]

I need to know where we stand, this is very frustrating for us. The proposal was land (Wyoming), and refurbished trailer in the country. We put $2,000 down and went to an escrow company to fill out the paperwork for closing etc. "Contract for Deed" The contract stated we would take possession...

Buyers name on the DEED if I'm selling on Contract for deed [ 2 Answers ]

Do I have to put the buyers name on the DEED if I'm selling on Contract for deed. I don't really want to being that the house is still financed. I 'm understanding that the deed will change when the property is paid off.

Quit Claim Deed/Contract for Deed [ 7 Answers ]

Ok, I have posted before. I had a contract for deed piece of property, and have myself been going back and forth with a lawyer and the client. Trying to make a offer to end this nightmare. I offered them 1000.00 in 10 payments and at the end of that to sign a quitclaim deed or 500.00 and...

View more questions Search