This form is a contract for a lease and a manadatory purchase of real estate. Seller demises and leases to purchaser and purchaser takes and rents from seller certain real property described in the form. Purchaser agrees not to use or permit the use of the property for an illegal purpose. An auction, fire or going out of business or bankruptcy sale, may not be conducted in the property without prior written consent of the seller.
Forfeiture Clause Real Estate In Travis
State:
Multi-State
County:
Travis
Control #:
US-00120
Format:
Word;
Rich Text
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FAQ
A Judgment Nisi is a provisional court decision that is not final and absolute until certain conditions are met. In the context of a Texas divorce, “Judgment Nisi” refers to a preliminary or provisional divorce decree that becomes final after a specified period, typically after a waiting period mandated by state law.
A final judgment is an order that, after which, there are no more parties or claims pending in the case.
Nisi is Latin for “unless.” A judgment against the Surety will be final after a period of time unless the Surety can show that it should be set aside. The rules allow the surety time to locate the defendant and “produce” him to court so that the full judgment will not be held against that surety.
Bail bonds and personal bonds are forfeited in the following manner: The name of the defendant shall be called distinctly at the courthouse door, and if the defendant does not appear within a reasonable time after such call is made, judgment shall be entered that the State of Texas recover of the defendant the amount ...
What is a bond forfeiture case? A bond forfeiture case is filed when a misdemeanor defendant failed to appear for a hearing or trial. If an answer is not filed in a timely fashion, the plaintiff may take a default judgment.
Sometimes local non-profit or government organizations can offer you a second mortgage on special terms to replace a down payment. Some federal programs are also available. For eligible servicemembers or family members, Department of Veterans Affairs (VA) loans do not require a down payment.
The forfeiture of a downpayment is primarily governed by the terms of the contract between the buyer and the seller. The contract, often referred to as a Contract to Sell or a Reservation Agreement, usually contains specific clauses that detail the conditions under which the downpayment may be forfeited.
In law, a forfeiture is the loss of rights or goods due to not fulfilling some obligation. For example, failing to make car payments to a bank can result in the forfeiture of your car. the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
What is Civil Asset Forfeiture? ing to Chapter 59 of the Texas Code of Criminal Procedure, law enforcement can confiscate property suspected of being involved in criminal activity without charging the owner with a crime.
Forfeiture generally occurs where one party exercises a legal right that results in a second party forfeiting, or losing, a right or interest. In some cases, where the right or interest has been lost due to unconscientious conduct, equity can provide a remedy in the form of relief against forfeiture.
