Plano Texas General Warranty Deed with Vendor's Lien - Individual to Individual

State:
Texas
City:
Plano
Control #:
TX-066-78
Format:
Word; 
Rich Text
Instant download

Description

This form is a General Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and generally warrants the described property to the grantee. The deed includes provision for a vendor's lien. This deed complies with all state statutory laws.

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  • Preview General Warranty Deed with Vendor's Lien - Individual to Individual
  • Preview General Warranty Deed with Vendor's Lien - Individual to Individual
  • Preview General Warranty Deed with Vendor's Lien - Individual to Individual
  • Preview General Warranty Deed with Vendor's Lien - Individual to Individual
  • Preview General Warranty Deed with Vendor's Lien - Individual to Individual

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FAQ

In Texas when a vendor sells property and there is unpaid purchase price, a vendor's lien arises against the property to secure the payment of the unpaid purchase price. An express ven- dor's lien can be reserved in the deed and/or in the real estate lien note.

How to Transfer Texas Real Estate Find the most recent deed to the property. It is best to begin with a copy of the most recent deed to the property (the deed that transferred the property to the current grantor).Create a new deed.Sign and notarize the deed.File the documents in the county land records.

An unpaid seller's lien gives the supplier a charge against the goods he supplied. This means that the supplier has certain legal rights against the things he delivered to the site, be it a single box of bolts or a massive pressure vessel.

A person cannot be passively removed from a deed. If the person is still living, you may ask them to remove themselves by signing a quitclaim, which is common after a divorce. The individual who signs and files a quitclaim is asking to have their name removed from the property deed.

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

The most common type of deed used in Texas is a general warranty deed. This type of deed guarantees the title comes without any liens, easements, or other title problems. A general warranty deed also assures the buyer that there will be no issues with the title.

A Warranty Deed With Vendor's Lien contains the Seller's guarantees of a warranty deed but with a lien. This deed is part of a seller finance package of documents. It is a transfer of real estate property where a lien for the unpaid purchase price in favor of the Seller is retained.

In Texas when a vendor sells property and there is unpaid purchase price, a vendor's lien arises against the property to secure the payment of the unpaid purchase price. An express ven- dor's lien can be reserved in the deed and/or in the real estate lien note.

The statutes of limitation for collecting (or foreclosing) on both the vendor's lien and deed of trust is four years in Texas. If no legal action has been filed for collection on the liens for four years after the liens ma- ture, there is indication the liens have been paid.

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Plano Texas General Warranty Deed with Vendor's Lien - Individual to Individual