Ads
related to: contract for deed tax treatment definition texas
Search results
Results From The WOW.Com Content Network
In 2015, Texas law was changed to automatically place the legal title to the property with the buyer by filing the contract with the deed records office of the county where the property is located. While the seller loses title, the seller retains a vendor's lien in the property for the outstanding balance of the contract.
A tax deed is a legal document that allows a city or county to transfer ownership of a property that has gone into tax foreclosure. This means the homeowner has failed to pay property taxes and ...
The merger also refers to the doctrine whereby "a fee simple estate, once fragmented into present and future interests, can thereafter be reconstituted. 'Merger is the absorption of a lesser estate by a greater estate, and takes place when two distinct estates of greater and lesser rank meet in the same person or class of persons at the same time without any intermediate estate.' "[1 ...
A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
For premium support please call: 800-290-4726 more ways to reach us
the date the deed records, or; the date possession is transferred to the buyer, and ends on the earlier of the following: 180 days after it begins, or; the date the Exchanger's tax return is due, including extensions, for the taxable year in which the relinquished property is transferred.
The vast majority of states in the United States employ a system of recording legal instruments (otherwise known as deeds registration) that affect the title of real estate as the exclusive means for publicly documenting land titles and interests.
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.