A Thank You to Our First Responders

A Thank You to Our First Responders

We realize these are stressful and trying times. We are especially mindful of the sacrifices our healthcare and first responders are making and want to do what we can to help. One thing we can do is use our resources and expertise to remove what might be one worry off...

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A Seller Financing Primer

A Seller Financing Primer

Financing for residential purchases including seller financing and unlicensed third-party lenders has been substantially affected by the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly called the “Dodd-Frank Act”. Click here for a discussion of the...

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The Dodd-Frank Act and Its Impact on Financing Home Sales

The Dodd-Frank Act and Its Impact on Financing Home Sales

Financing for residential purchases including seller financing and unlicensed third-party lenders has been substantially affected by the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly called the “Dodd-Frank Act” which was passed in 2010 and...

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“As Is” or Is It?

“As Is” or Is It?

What is required to allow the seller to convey property “as is”? More particularly, do the provisions in Section 7D of the TREC contracts meet the requirements allowing a seller to convey property “as is”?The short answer to whether you can rely on the printed...

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Five Ways to Reduce Liability for Real Estate Professionals

Five Ways to Reduce Liability for Real Estate Professionals

Here are five relatively painless ways to reduce your liability when listing and selling real estate. Require the Use of Buyer Representation Agreements When Representing Buyers. If you do not have written authorization from both buyer and seller, you cannot qualify...

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Co-Ownership Agreements

Co-Ownership Agreements

If you own property with a marital partner, there are laws which regulate each party’s right to use, manage and occupy the property. If you purchase property with anyone other than a spouse, there are very few laws which regulate those same rights and obligations. A...

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Understanding Tax Prorations

Understanding Tax Prorations

Tax Prorations can be confusing if you are not a seasoned veteran of real estate closings. Most real estate contracts will contain a section dealing with tax prorations. In Texas most residential transaction use the Texas Real Estate Commission (“TREC”) contracts....

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Transferring Real Estate at Death Without Probate

Transferring Real Estate at Death Without Probate

There are two relatively easy ways to transfer title to real estate at death while avoiding probate and the tax trap often created by an outright gift of real estate. These two methods of conveyance can also be used to avoid a Medicaid lien. However, neither of the...

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What You Should Know About Small Condominium Projects

What You Should Know About Small Condominium Projects

This article is written for novice condominium developers. That usually means the condo project has a small number of units; typically, two to four units. I will, therefore, address some of the issues faced by a novice developer of a small unit condo...

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Emotional Support & Service Animals

Emotional Support & Service Animals

The Fair Housing Act (“FHA”) is a federal law that prohibits landlords from discriminating based on disability, race, color, national origin, religion, sex, and familial status. The Americans with Disabilities Act (“ADA”) prohibits discrimination against people with...

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Foreclosure Basics

Foreclosure Basics

All states have a procedure for foreclosing on real property which is pledged as collateral for a loan. Most, Texas among them, have a non-judicial foreclosure procedure. As the name implies, a “non-judicial foreclosure” is conducted without the need for filing a...

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Avoiding Personal Liability for Business Debts

Avoiding Personal Liability for Business Debts

It is impossible to operate a business without creating business liabilities. One of your primary business objectives should be to keep those liabilities as the sole responsibility of the company and prevent them from becoming your personal liability as an owner. The...

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