Texas Assumption Transactions

An Assumption Transaction is the transfer of responsibility for repaying a previously obtained loan.

A real estate buyer may “assume” a loan on the property already in existence between the lender and the seller.

After an agreement has been signed, the new buyer will take over payments and receive the property.


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In an assumption transaction, the buyer takes title to property by virtue of an “assumption deed” that typically contains both a vendor’s lien and general or special warranties. Continue reading “Texas Assumption Transactions”

How to Buy a Foreclosure Home in Texas

Foreclosed homes can be purchased in a non-judicial foreclosure sale (typically held on the courthouse steps) or through judicial foreclosure (by a judge’s order)

For those unfamiliar with the process, there are numerous legal pitfalls in purchasing a home in foreclosure the unprepared purchaser can avoid through due diligence. Continue reading “How to Buy a Foreclosure Home in Texas”