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Updated over 1 year ago on . Most recent reply

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Alex Byder
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Subject to paperwork

Alex Byder
Posted

Where can I find/ download subject to agreements ? I understood that there are about 7 different documents? 

What title company in Texas can process this transaction? 

Thank you 

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Jerel Ehlert
  • Attorney
  • Austin, TX
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Jerel Ehlert
  • Attorney
  • Austin, TX
Replied

For getting a property under contract, it does not take a lot of creativity IN TEXAS to use the TREC 1-4 on sub-2 transactions.

When it comes to closing, you will always be better off closing at a title company. Sometimes not always possible if you are trying to beat foreclosure.  But, with the number of notices and disclosures needed you should pay well for an attorney to draft your docs.  Even then, understand that the deal terms may/will affect what you do.  Assuming that your one tool is good for all sub-2 transactions will eventually come back to bite.

Insurance will always be a sticking point on sub-2 deals, especially if there's a covered loss, because the seller has to remain on the insurance policy. Even with a statutory durable PoA, it can be difficult to get a payout.

  • Jerel Ehlert
  • Loading replies...