by Hancock, McGill & Bleau | Oct 5, 2017 | Buying Real Estate, Real Estate
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... 
by Hancock, McGill & Bleau | Jul 11, 2017 | Buying Real Estate, Real Estate, Selling Real Estate
Here are ten of the more common mistakes I see when reviewing real estate contracts. (1) Leaving Blanks In The Contract. Failing to fill in the required blanks in a form is really sloppy work and, in my opinion, unforgivable. Take the time to review the final contract... 
by Hancock, McGill & Bleau | Jun 8, 2017 | Entity Creation, Real Estate
Recent legislation, combined with protections historically available in Texas, make Texas one of the best locations in the U.S. for protecting assets from creditor claims. Texas has now joined seven other states in permitting the creation of a series limited liability... 
by Hancock, McGill & Bleau | Mar 23, 2017 | Buying Real Estate, Real Estate, Selling Real Estate
One to four family residential investment properties are commonly bought or sold in transactions in which a Texas Real Estate Commission (TREC) Contract form is used. Often these properties are leased to third party tenants at the time the contract is signed and at... 
by Hancock, McGill & Bleau | Feb 4, 2017 | Buying Real Estate, Financing, Real Estate, Selling Real Estate
There are many potential buyers who either cannot or do not want to meet the requirements to obtain a new loan from a commercial lender. The reasons for this can range from a recent bankruptcy to investors who are very credit qualified but already own too many... 
by Hancock, McGill & Bleau | Jan 14, 2017 | Buying Real Estate, Leasing, Real Estate, Selling Real Estate
Legislation passed in 2005 amended the laws dealing with executory contracts. An executory contract is a contract that has unperformed obligations on both sides of the contract. A contract for the purchase and sale of real estate that has not yet closed is executory...