When buying or selling a home in Texas, you may come across the term “earnest money.” This is a small deposit the buyer gives to show they are serious about the deal. Think of it as a promise. If everything goes right, the money goes toward the purchase. If the deal falls apart, who keeps the money depends on the
There are many ways to buy property in Texas. Some people pay in cash. Others use a bank loan. Some choose a more flexible route like seller financing. Deciding which option to choose depends on your budget, goals, and how fast you need to close. Understanding these options can help you make better choices and avoid problems later. In This
The Daughtrey Law Firm, based in Houston, Texas, recently represented an elderly landowner in the sale of their rural property to a cell tower company. The client owned a large parcel of country land, part of which was leased to a telecommunications company for a cell tower. As the client approached retirement age, they sought to sell the entire property
Introduction On March 26, 2025, the U.S. Department of Housing and Urban Development (HUD) released a pivotal update that will reshape the American housing finance landscape. Effective May 25, 2025, non-permanent residents will no longer be eligible for FHA-insured loans. This sweeping change, documented in Mortgagee Letter 2025-09 and Title I Letter 490, reflects the federal government’s shift in prioritizing
If you own land in Texas, you might have an abandoned oil or gas well on your property without realizing it. These wells, called orphan wells, can create serious problems for landowners. They often leak harmful substances, reduce land value, and lead to legal responsibilities. Knowing how to identify, report, and handle these wells is crucial. Protecting your property and
Buying or selling a farm or ranch in Texas is more than just a handshake and a price tag. It needs a good understanding of the Texas Farm and Ranch Contract. The Texas Real Estate Commission (TREC) created this important document. It guides rural property transactions. It ensures transparency and protects the interests of both buyers and sellers. The contract
Executive Summary A limited liability company (LLC) in Utah owns the mineral rights to a valuable oil property. This property is now at the center of a big royalty dispute. This conflict arose due to ambiguous land titles and instances of unauthorized oil extraction. Compounding the issue, a major oil company commenced drilling operations on the property without securing a
Buying or selling real estate can create financial challenges. Traditional loans do not always meet everyone’s needs. This is where a creative solution known as a “wraparound mortgages” steps in. In Texas real estate, wraparound financing, or “wraps,” is popular. It lets sellers avoid traditional banks. Instead, they act as lenders. While this can benefit both buyers and sellers, wraps
Navigating the world of real estate can be complex. Whether you’re buying, selling, or investing, legal issues often arise. In such cases, a real estate attorney can be invaluable. They provide legal guidance, ensuring your interests are protected. But when should you hire a real estate attorney? This question is common, especially in Texas where real estate transactions are frequent.
Owner financing in Texas, also known as seller financing, is a smart and flexible way to buy and sell real estate. It avoids the need for traditional banks. Instead, the property seller extends credit to the buyer, enabling the buyer to make payments over time. This method is especially attractive to people who may not qualify for regular mortgages. It
“Nixon really cares about the details and the process was easy to understand after he explained everything. I recommend him as best real estate attorney in Texas for legal consultation. ”
“Nixon really cares about the details in mineral rights and the process was easy to understand after he explained everything. Delighted to work with such co-operative mineral rights lawyer.”
“Nixon accurately predicted what the buyers would say and do during the course of the sale, So I could focus on MY goals and avoid distractions that would have delayed the deal. ”
“I felt like a highly valued client even though my project was not a large project. ”
“The Daughtrey Law Firm helped me to protect myself and my business! It is one of the best Houston TX law firm which provides awesome Houston residential real estate attorney service.”
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