by Hancock, McGill & Bleau | Jun 23, 2022 | Real Estate, Tax Prorations
A Texas Property Tax Primer The Texas real estate property tax system can be confusing and difficult to understand. What does the title company mean when they say things such as “Ad valorem taxes for the current year will be prorated”. If that sounds like Greek to...
by Hancock, McGill & Bleau | Mar 7, 2022 | Buying Real Estate, Leasing, Listing Real Estate, Real Estate
The Texas Real Estate Commission (TREC) Addendum Concerning Right to Terminate Due to Lender’s Appraisal is used to modify the base TREC contract regarding contract termination rights based upon the appraised value of the purchased property. This form has three...
by Hancock, McGill & Bleau | Feb 9, 2022 | Buying Real Estate, Leasing, Listing Real Estate, Real Estate
If you are the sole owner of a business, to pass your business to your children or other family members, you need to create a limited liability company or corporation to own business assets and operate the business. If you do not, your business will die when you do....
by Hancock, McGill & Bleau | Jan 28, 2022 | Buying Real Estate, Leasing, Listing Real Estate, Real Estate
Achieving anonymity in a real estate transaction in Texas is difficult — maybe next to impossible if you finance the purchase – for several reasons. To have any hope of remaining anonymous, you must create an entity such as a limited liability company....
by Hancock, McGill & Bleau | Jan 11, 2022 | Buying Real Estate, Leasing, Listing Real Estate, Real Estate
There are four types of Texas deeds: general warranty deeds, special warranty deeds, deeds without warranty and quitclaim deeds; or, perhaps I should say there are three types of deeds and one imposter posing as a deed – the quitclaim deed. A deed is the legal...
by Hancock, McGill & Bleau | Jul 28, 2021 | Buying Real Estate, Leasing, Listing Real Estate, Real Estate
Many of our investor clients seek counseling regarding the formation of a limited liability company to own and manage one or more one-to-four-unit residential properties. We thought it would help to address some issues which should be considered when deciding to use...
