Forclosure of Real Property sold on Contract for Deed
Three years ago, I sold a house in San Antonio, via Contract
for Deed. It was a simple contract between buyer and seller, signed by both parties and notarized. It stated
that the deed would not transfer to buyer until all payments
are made. Also, it stated that buyer would pay for home
owners association dues, and that buyer is responsible for
all repairs. Buyer understood these provisions and signed
contract. He is currently leasing the property (2 bedroom
home). He constantly has been late on payments, and I have
had to pay association dues the last 2 years. He also wants
me to pay for repairs, which, he knows is his responsiblility. Since the deed is still in my name at the
county courthouse in Bexar County, what must I do in order
to have him turn the house over to me?
Re: Forclosure of Real Property sold on Contract for Deed
Your Contract For Deed controls the parties’ remedies in the event of default. Foreclosure is not extremely difficult, but you do need to know what you’re doing. It’s best to contact an attorney. You can e-mail me if you need someone in San Antonio.
Ruben Moreno
Law Office of Ruben Moreno
1931 N.W. Military Hwy. Ste. 204
San Antonio, TX 78242
Re: Forclosure of Real Property sold on Contract for Deed
There is a specific procedure in the Property Code, but you must also look to the contract for deed. You may wish to retain a lawyer to assist you in this matter.
http://www.reasonable-doubt.com
Basil Hoyl
Law office of Basil Hoyl
4001 Airport Fwy., Ste. 190
Bedford, TX 76021