"Contract for Deed" Research Memo Under Texas Law

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Contracts for deed are means by which the owner of property may transfer that property and in effect as a bank. No mortgage is necessary and therefore these types of transactions are common among the segments of society that do not have the ability to find traditional lending. Unfortunately there are many that prey on those segments of society. The following is a road map for a case in which I represented a family that attempted to purchase a home under a contract for deed.

Please see full Research Document below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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