This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
Closing Property Title Forward In Tarrant
Category:
State:
Multi-State
County:
Tarrant
Control #:
US-00447BG
Format:
Word
Instant download
Description
Free preview
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FAQ
You may choose any title company you want; you don't have to use a company selected by a real estate agent, builder, or lender. Section 9 of the Real Estate Settlement Procedures Act (RESPA) prohibits sellers from conditioning the home sale on the use of a specific title insurance company.
The title company's process starts when a fully executed contract is submitted to the company by a buyer, a seller, a real estate agent representing the buyer or seller, or a lender.
A contract for deed is an agreement to buy property. The buyer makes monthly payments directly to the seller. When the final payment is made, the seller transfers the deed to the buyer, who becomes the new owner.
TDI regulates title insurance under Texas Insurance Code, Title 11 and the Basic Manual of Rules, Rates and Forms for the Writing of Title Insurance in the State of Texas.
While it's not legally required, hiring a real estate attorney to help draft and review the contract is highly recommended. Can I use a template for my Texas real estate contract? While many templates are available online, it's best to have an attorney review and customize the contract to ensure it meets your needs.