Mcallen Real Estate Attorney.
The information provided in this response is for GENERAL INFORMATION, and it does not substitute for legal advice from an attorney after full disclosure of all the facts relevant to your case. This general summary of Texas law also DOES NOT create an attorney-client relationship with you or any other reader of this summary. Based on the facts disclosed in your question, each person appears to own an undivided 25% interest in the home. There are not enough facts in your question to...
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If the paper is signed by you and every one else owns the real estate, and if it includes the essential terms of a real estate sale transaction, then under Texas law you and your seller relative probably have entered into an executory contract for the sale of real property. Executory contracts in Texas are enforceable, but there are risks, as hereinafter discussed, that you and your seller relative need to consider. Also, Sellers under executory real estate contracts for the sale of real...
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