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Updated almost 7 years ago on . Most recent reply

User Stats

158
Posts
39
Votes
Helen Zhang
  • Austin, TX
39
Votes |
158
Posts

Texas General Warranty Deed with Vendor's Lien

Helen Zhang
  • Austin, TX
Posted

I would love to have auction experts' opinion. I am currently looking at an auction property, and I noticed the ownership information stated two documents:

1. Texas General Warranty Deed with Vendor's Lien (Original Petition for Divorce dated 09/10/2015 recorded in Instrument)

2. Warranty Deed with Vendor's Lien

I only see one mortgage on the account, and there is a Judgement and Lien Information with a few thousand dollars. 

Question:

1. If I purchase this house, am I purchasing as the buyer of the warranty deed? or am I purchasing this as the new "Vendor" (as I am buying out the loan)

2. The lien with a few thousand dollars on the property: am I paying for it after I purchase the property? or will the seller be paying for the lien? 

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