In the state of Texas can you lease to own a home that the owners are still paying a mortgage payment on?
Yes. However, there are some pretty strict rules to follow these days. Everyone involved should probably hire an attorney.
Frisco, TX
Business Lawyer at Frisco, TX
Practice Areas: Business, Real Estate, Wills & Living Wills
Yes. However, there are some pretty strict rules to follow these days. Everyone involved should probably hire an attorney.
Mr. Holmes provided a really good answer. I will only add one thing. If no other bank will open an account without filing the POA, then just file...
If you are going to give it a name, then you will need to file an assumed name certificate with the county. Additionally, if you give it a name, it...
Just to add to Ms. Walter's very good response, be sure to let the attorney know your holding period, especially if it's a C-corporation,...
My assumption is that so long as you make the lease payments, then it will be okay. With that said, I'm sure your lease has an abandonment clause,...
Typically, the responsibility for the utilities to which the lease refers is the monthly bill and any deposit. For residential leases especially,...
You would need to take the matter to an attorney for review. DMCA issues are awkward. Often, there's another company trolling (probably the wrong...
Yes. There would be a multitude of ways to do it. If you owned the minerals along with your surface, and they have not been leased, then you could...
As the other respondents stated, it is not illegal. It's also not horribly unusual these days because of the mortgage mess. I agree that it would...
You should probably speak with your attorney. I'm sure he/she knows what he/she is doing. With that being said, there really isn't such a thing as...