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Is it necessary to have a Deed of Trust if you have warranty…

Customer Question
Is it necessary to...

Is it necessary to have a Deed of Trust if you have warranty deed with a vendors lien?

Lawyer's Assistant: Since estate law varies from place to place, can you tell me what state this is in?

Texas

Lawyer's Assistant: Has any paperwork been filed?

Not at this time.

Submitted: 4 months ago.Category: Legal
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Answered in 5 minutes by:
12/18/2017
Lawyer: Ely, Counselor at Law replied 4 months ago
Ely
Ely, Counselor at Law
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Satisfied Customers: 103,491
Experience: Private practice with focus on family, criminal, PI, consumer protection, and business consultation.
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Hello and welcome to JustAnswer. Please note: This is general information for educational purposes only and is not legal advice. No specific course of action is proposed herein, and no attorney-client relationship or privilege is formed by speaking to an expert on this site. By continuing, you confirm that you understand and agree to these terms.

This depends on the situation. Can you please tell me a little more about what has happened and what you wish to achieve here?

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Customer reply replied 4 months ago
I am selling property and I am financing the balance for the individual.
Lawyer: Ely, Counselor at Law replied 4 months ago

Thank you. A deed of trust is a document that creates a legal trust, in which the only asset of which is the purchased real estate. If one is financing the purchase, a deed of trust IS A GOOD IDEA but it really depends on how you structure the deal. It is not 100% mandatory, but again, is a good idea.

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