Texas Contract for Deed related forms. These forms comply with the Texas law, and deal with matters related to Contract for Deed.
Plano Texas Contract for Deed Notice of Default by Seller to Purchaser where Purchaser paid 40 percent or made 48 payments
Category:
State:
Texas
City:
Plano
Control #:
TX-00470-8
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Under Texas law, a forged deed is void. However, a deed procured by fraud is voidable rather than void. The legal terms ?Void? and ?Voidable? sound alike, but they are vastly different. A void instrument passes no title, and is treated as a nullity.
If the seller breaches, then the buyer can sue for compensation, return of their good-faith deposit, and reasonable expenses. The buyer can also request that the contract be terminated.
If a deed is not recorded, then the grantor could sell the land to a second grantee. In that case, the second grantee would get to keep the land if they were the first to record their deed and did not have actual knowledge of the deed to the first grantee.
If Your Deed Is Not Recorded, the Property Could Be Sold Out From Under You (and Other Scary Scenarios) In practical terms, failure to have your property deed recorded would mean that, if you ever wanted to sell, refinance your mortgage, or execute a home equity line of credit, you could not do so.
The buyer on a recorded executory contract gets the warranties that would come with a general warranty deed unless otherwise limited by the contract. Id. The seller that fails to transfer recorded, legal title after receipt of final payment can be subject to large liquidated damages statutory penalties. Id.
While a buyer can use any form of written notice to terminate the contract, a buyer's agent asked to help the buyer give the appropriate notice should use the promulgated form.
Cancelling for any reason: When you sign, the seller must inform you of your right to cancel for any reason within 14 days of signing. If you cancel, the notice must be written, signed, dated, and include the date of cancellation. Send it by certified mail, or hand deliver it to the seller (get receipt for delivery!).
?Most definitely,? says Denise Supplee, operations director of SparkRental. That's because in the laws governing real estate transactions, there's something called a ?specific performance? provision. This entitles buyers to force the seller to honor their obligations under the contract.
1. What is a Deed of Sale? A Deed of Sale is a contract where the seller delivers property to the buyer and the buyer pays the purchase price. The Deed of Sale results in ownership over the property being transferred to the buyer upon its delivery.
Canceling a Door-to-Door Sale To obtain a full refund, you must do this before midnight of the third business day after the sale. Keep a copy of the form. Even if you miss the three-day deadline, your sale may be void if the salesperson failed to make certain disclosures or if certain other conditions are met. See Tex.