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Updated about 4 years ago,

User Stats

30
Posts
7
Votes
O'Neil Mbakwe
  • Rental Property Investor
  • Austin, TX
7
Votes |
30
Posts

Memorandum of Contract Concerning Real Estate

O'Neil Mbakwe
  • Rental Property Investor
  • Austin, TX
Posted

Hello, back in July 2019 I was under contract to buy a home from a seller in Manor Texas, but the contract expired and I have no plans on renewing due to the difficulty of the seller.

Basically, the seller was facing foreclosure before the moratorium was imposed. Offering a helping hand, I spent time organizing a garage sale for her, and driving around and scouting different neighborhoods she could move to. Keep in mind, I’m not a realtor, nor was never stated in contract that I do these things, it was out of good faith.

When the moratorium was imposed, the seller began demanding more money and stated I needed to find them a place to move to. At this point it was no longer worth it to me.

I did however file a Affidavit of Memorandum on the property while I had it under contract.

The seller found another buyer, but when title was ran, my memorandum showed up. Obviously the title can’t be clouded when selling a property. My question is, since my contract with the seller has expired, what are my options? Must I release the Affidavit?

Thanks.

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