All Forum Posts by: Eboney Jones

I was in the process of purchasing a for sale by owner home in TX and had looped in a contractor to assist with rehab. I signed a contract to allow him to get started on the home once we closed. Unfortunately, due to a few different circumstances, the target closing date was not met and the seller chose not to proceed with selling the home to me. The issue is that now, the contractor is threatening to sue me for a contract cancellation fee and and to place a lien on the property (that I didn't close on and no work was completed on). From a legal perspective, does the contractor have a legitimate claim to damages on a job he never started? Also, Is there a way to ensure that the lien does not get placed? Thanks in advance

Got an odd situation. Working with a lady in Fort Worth, Tx who took over payments on a home back in 09. She signed a warranty deed for it and was making regular mortgage payments until the borrower died in 2015. She tried to refinance with the lender but was told she had no interest in the home and that it needed to go to next of kin. She still lives there but hasn’t made payments in almost 5 years. She has a warranty deed that was signed by the previous owner and everything. She wants to sell but I am unsure if I need to track down the deceased owner’s son to do some sort of affidavit saying that he relinquishes his interest in the property or if the warranty deed would take care of that. Any advice? TIA

I need some advice about whether or not to reinstate a house we have under contract or let it go to auction. We have a line of credit that would allow us to pay the reinstatement and essentially keep the house as a subject to in the hopes of owner financing. We are hesitant in the fact that it poses a lot of risk by tying up our line of credit for a significant amount of time if we can't  get a decent down payment for the owner finance within 6 months. The foreclosure sale is Tuesday, February 4th so we have to make a decision pretty quickly.